Empowers law firm senior executives to effectively make informed critical business decisions.
Peer Monitor® from Hildebrandt is an innovative, real-time benchmarking program that gives you access to that critical data anytime from anywhere.
From the Peer Monitor Web dashboard, you have access to see key metrics such as demand, rates, productivity, and expenses broken out by practice groups, offices and individual timekeepers. Your information is always as current as participating firms’ most recent monthly financial statements. Each firm receives only an aggregate benchmark of peer firms’ data to compare against its own data. Your firm’s data is always strictly confidential. Who are the participating firms you’ll join? They include nearly half of the top 200 AmLaw firms, with offices in more than 35 U.S. and international cities. You also receive a quarterly Peer Monitor Economic Index (PMI) detailing the latest economic conditions.
Peer Monitor is a service of Hildebrandt, a global leader in professional services consulting.
With Peer Monitor, you can:
- Get accurate, real-time financial benchmarks that show how a firm is performing against a specific set of peers in critical areas, including pricing, specific practice areas and offices, down to the timekeeper level.
- Track law firm performance trends and identify operational issues impacting performance.
- Measure your firm's billing realization relative to your defined peer group.
Why choose Peer Monitor?
- Accurate
All proprietary data is normalized to ensure “apples-to-apples” comparisons. - Current
Draws upon 36 months of data current through the most recent month. - Detailed
Covers all major financial measures, including rates, realization, revenue, profitability, accounts receivables, direct expenses and indirect expenses. - Customized
Slices data by practice groups, offices and individual timekeepers to provide smart information driving informed decisions. Create your own peer groups and set up “discovery” from criteria like rate levels, firm size and key practices. - Accessible
Web-based dashboard provides secure, continuous data availability and targeted query capability. - Summarized
Peer Monitor Index is the legal industry’s first monthly economic indicator. - Hands-on support
Peer Monitor Services bring out the enhanced analysis your firm precisely requires.