Operational Transformation Experts
Growing Profitability
Activity Optimisation
Operating Cost Reduction
At a time when record activity levels mean that many law firms are operating at optimum capacity or even exceeding it, it is easy to be 'blinded' by revenue growth while forgetting the impact of strengthening headwinds including rapidly rising costs driven by inflation.
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At intelliHub we strongly believe that the best time to drive a growth in profitability is when revenue growth is easily (organically) achieved; this way businesses will see a boost in real-terms too.
We have helped law-firms achieve 30% increases in profit margin which in turn equated to an average of £18,000 more per annum in the pockets of every partner - a great ROI for the practice and its people.
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Of course, this is just the start of things, the structures intelliHub put in place for these clients are not only bespoke to the individual organisation, but are also entirely flexible allowing for the firm to grow either organically or through merger/acquisition activity while maintaining or even exceeding its profitability.
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Below we examine just two of the areas we may explore during a profitability improvement project for a law-firm client...
Activity Optimisation
Sometimes it really can be as simple as working smarter, not harder... there is little value in filling diaries with activities which don't truly value the time put in.
At intelliHub we help fee earners to balance their activity, ensuring a greater ROI from their activity, while still recognising the importance of some matters as a way of building or maintaining client relationships.
A valuable strategy at any time, not just as an organisation recovers from disruption, reducing operating costs will directly improve profitability.
At intelliHub we recognise the critical balance which exists in law-firms between fee-earner heads and their support teams, as failure to get this right will harm productivity even if it reduces costs.
Operating Cost Reduction
