Anaplan Accelerator: Law Firm P&L Planning

Accordion’s Law Firm Profitability Planning Anaplan Accelerator is a fully built P&L planning solution tailored to law firm requirements. The solution incorporates scenario planning across versions for quick comparative reporting. A tops-down historical trending vs. bottoms-up resource plan results in insightful gap analysis for both revenue and expense planning.

• Set revenue targets by service line & region
• Allocate targets down based on historical trends, along with pricing and growth assumptions
• Build a bottoms-up, client-level revenue plan based on existing and expected pipeline and historical billing trends
• Account for varied billing structures: time & materials, retainer, fixed fee, etc.
• Gain clear visibility into resource/capacity balancing down to the position, location, service line, and sector level
• Quickly evaluate baseline, worst-case, and best-case scenarios

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• Set hourly revenue, cost targets, and expected billable hours by position (e.g. Partner, Associate, Paralegal), compare against actual rates, and use to drive final revenue and COGS totals
• Tag employees based on sector, service line, position, and location and allocate expenses appropriately
• Plan employee expenses down to the GL account level based on key assumptions for benefits, taxes, merit rates, etc.
• Quickly see and model the impact of new hires, attrits, and transfers on employee expenses

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• Promote accountability by deriving expenses based on configurable drivers
• Reduce manual planning input and use historical data trends to quickly generate budgets & forecasts
• Overlay, adjust, or input directly to GL accounts to supplement a driver-based plan

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• Review P&L, report on variances, and collect commentary in a clear, concise format
• Calculate & report on partner level P&Ls
• Easily switch between currencies to view in local or reporting currency
• Highlight key metrics that drive the business decisions

Note: Want a closer look? Click on the screenshot to enlarge it.

In addition to the “P&L Planning (APP)” accelerator featured above, Accordion offers a variety of “Anaplan Accelerators” prebuilt to expedite your deployment process, improve ROI, and reduce implementation risk. Explore them: