Introspection for its own sake is rarely useful, and the same is true for a Legal Department reflecting on its year. Once you have a clear understanding of WHY you should run end-of-year reports you can turn to WHATto include in those reports.
End-of-year Legal Department reports need not run the length of a short novel – you simply need sufficient information to know where you stand today, help you spot key trends and assist with stakeholder engagement. To achieve these goals, your reports should include:
- Annual performance overview
- Spend overview
- Key trends analysis
- Resource utilization
To run end-of-year Legal Department reports with ease, you will also need to:
- gather your data from your matter management system (like Xakia) or excel spreadsheets
- establish key performance indicators against which you can measure performance
- visualize your legal data
Side note: If you are new to legal data analytics, you might like to download our white paper In-House Legal Data Analytics for Beginners.
