Clients

The first visualization in the firmTRAK ribbon is “Clients”.  The client visualizations contain a dashboard for each of the four sub-areas of the ribbon, as mentioned previously. These areas are Growth & Trend, Invoices, Revenue, and AR.

Growth & Trend

New clients per month

New clients per month is a simple graph with powerful implications for managing your business. New clients represent the potential earnings of a law firm, as well as, reveal any cycles of client activity related to the type of matter or law being practiced.  Also, by including an overlay of the firm's marketing expense (if connected to the accounting software) the firm can start to assess the impact of marketing spends on new client acquisitions.

*NOTE* Be sure to investigate the filtering options, graph label toggles, and export functionality. 

Client Composition

This graph shows the type of clients of the law firm whether they are an individual or a company.   The mix of individual clients and/ or company clients can vary by practice area.  There is no set ratio here but firmTRAK presents a visual aid  for the law firm in determining what their mix currently is.

*NOTE* Be sure to investigate the filtering options, graph label toggles, and export functionality.

Total Clients 

Total clients displays a dual layered bar graph to show your total clients per month on top of your “active” clients.  Active in this case means clients with activity over the last three months.  By layering the dormant and active clients a firm can also see their ratio of client growth over time.

*NOTE* Be sure to investigate the filtering options, graph label toggles, and export functionality.

Invoices

The Clients by Invoices graph displays the total amount of invoices billed  in dollars by contact within the legal practice management system in ascending or descending order.  

By default the Clients By Invoices graph is displaying data within the time period “all time”.  

*NOTE* Be sure to investigate the filtering options, page navigation,  and export functionality. Mouseover each bar for values.

Revenue

The Clients by Revenue graph displays the total amount of revenue collected  in dollars by contact within the legal practice management system in ascending or descending order.  

By default the Clients By Revenue graph is displaying data within the time period “all time”.  

*NOTE* Be sure to investigate the filtering options, page navigation,  and export functionality. Mouseover each bar for values.

AR

The Clients by AR graph displays the total amount of accounts receivable in dollars by contact within the legal practice management system in ascending or descending order.  

By default the Clients By AR graph is displaying data within the time period “all time”.  

*NOTE* Be sure to investigate the filtering options, page navigation,  and export functionality. Mouseover each bar for values.