Redwood Analytics is the leading provider of business intelligence software and services to the legal industry. Its solutions enable law firms to analyse and monitor performance, focusing on the most significant drivers of the business of law. Redwood provides lawyers, finance managers, and marketing professionals access to information that supports better decision making. The company has a proven track record of delivering its solutions quickly and for providing world-class education, consulting, and support.

What Real Clients are Saying

Why did you choose Redwood as your BI solution?
“Our goal in searching for a profitability product was to find one that was flexible, user-friendly, in real-time, and capable of showing both lawyer and client views.”

What was implementation like?
“My project manager committed to a schedule, delivered on that schedule, ran the project with military-style precision, and kept us on track, exactly what we needed him to do.”

Was the training beneficial?
“I went through the analyst training program; it’s an extremely well put together program. The courses that I took were very helpful and useful. Unless I get in a serious bind, we covered all I need to know. One thing I can say about Redwood is that the training is awesome.”

How do you utilise Redwood BI?
“One measure I find useful is expected pay days. I can take a look at our clients who typically pay well within our firm guidelines and see which are 'late' based on their past history. Typically, we find that the invoice got lost, but we wouldn't have known this for many more days. Redwood allows us to be proactive in managing our A/R.”

“I use the profitability module to determine performance of partners as originating and billing attorneys. I also use it to assess client and practice area profitability and track utilization. I am able to look at where we're doing well, where not, and how to improve. Sometimes, I'm asked for reports on the fly, such as in consideration of alternate fee arrangements or rate reviews.”

Are lawyers utilising the Redwood Dashboard?
“Compiling reports in the back office does nothing to move the firm forward. Redwood Dashboard puts real, actionable information in the hands of our lawyers in such a way that they teach themselves the right way to price and staff. It is simply the most powerful way there is to get a firm on track with its strategic plan.”

Read more about what other Redwood clients are saying by visiting www.redwoodanalytics.com/realclients

Redwood BI Solution

REDWOOD PRODUCTS

Redwood Business Intelligence: (BI) is software to support better decision making. The software gathers accounting and other data and efficiently converts them to meaningful, clear information. Redwoods tools are configurable to meet the unique business needs of individual firms.

• Billing and Collections Module
• Profitability Module
• Business Development Module
• Diversity Module

Redwood Dashboard: The Redwood Dashboard makes information accessible to lawyers that help them manage their book of business as well as plan individual matters for optimal profitability. The dashboard is configurable to display the unique key performance indicators of a firm as well as comparison against firm goals.

• Matter Planning Module
• Results Module

Redwood Benchmarking: Redwood Benchmarking provides law firms with quarterly reports of key business metrics and best practice comparisons. The program is efficient and effective for participating firms because it is fully automated while still ensuring enhanced data comparability.

• Industry
• Segment
• Custom

REDWOOD SERVICES

Training: Redwood Training provides functional training for all of its software products, ensuring that the users have the skills to immediately get value from their software investment.

Fundamentals: These courses train law firm staff how to think through and analyse business questions that they have to address in the course of their jobs. Redwood consultants deliver content from Redwood’s Analytic Library, which consists of established methods to improving law firm performance.

Symposiums: Redwood seeks to expand the knowledge base around the business of law. Programs like Partner education, workshops, and business of law roundtables are designed to educate, promote, and support innovative management best practices from both inside and outside the legal industry.

Firm Specific Projects: Redwood realises that not all firms have the same needs; therefore, Redwood delivers targeted analysis to you and your firm in several areas.

For more information, please visit our website www.redwoodanalytics.com

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