Report: Implementing Financial Intelligence – National ALA

Implementing Financial Intelligence: Giving Law Firms a Competitive Advantage in 2022 and Beyond

In an effort to identify key trends among law firm financial leaders a consortium including SurePoint Technologies engaged Ari Kaplan Advisors to interview 30 legal professionals regarding:

• Elevated expectations of finance professionals
• Impact of the pandemic on the business of law
• Application of data to decision-making
• Perception of profitability
• The pace of innovation

Ari Kaplan personally spoke with 20 CFOs, seven finance directors (three of which serve as the CFO since they are the department leader), and three accounting managers at law firms throughout the United States of various sizes, with the smallest employing 12 lawyers, and the largest featuring over 1500. The median size was 103 lawyers.

The results revealed a striking shift in the role of law firm finance leaders, both in their value and impact. This report captures their perspectives and highlights the influence of finance teams on the road ahead for law firms.

Download the full report and learn how to make financial intelligence a competitive advantage for your firm today!