Legal Reporting & Analytics Software

Legal dashboard & legal analytics software centralizes various matters‑ and spend‑related data, turns it into highly configurable, compliance‑ready reports, and surfaces real‑time insights that power faster, more proactive decision‑making. Some of its key benefits are mentioned below:

- With a centralized reporting system, filter data according to matter, date, task, user, contacts, and practice areas.

- Real-time alerts on budget, deadlines, compliance risk, and any other issue before it becomes a problem.

- It monitors top performance metrics for legal departments for matters, spend, billing, and more, which helps in improving operations and staying aligned with the team's goals.

- Download all matter-related and spend data, including documents, contracts, time entries, bills, legal spend, and more, in Excel format for offline access.

- Activity logs help the team to stay updated with all the activities of the in-house team, with a complete timeline of team-wide actions and events.

- Access filter data analytics and export performance reports for the in-house team, outside counsel, and sort them by date, matter, or department, and get audit-ready reports.

Legal dashboard and legal analytics software equips in‑house teams with centralized, real‑time insights into matters, spend, performance, and risk, turning raw data into detailed reports. By combining customizable and automated reporting, these platforms accelerate decision‑making, enhance compliance. Here are some of their important features of legal reporting software:

- Real-time data updates on team performance, legal spend, while ensuring industry-level compliance.

- Automated and customizable dashboards and reports to serve the specific needs of in-house teams.

- Track KPI easily and analyse matters, spend, billing, and more, highlighting bottlenecks.

- Filter reports based on clients, matters, date, task, user, contacts, and practice areas.

- Centralized data repository to store contracts, time entries, bills, documents, and tags in one platform.

- Download all matter-related and spend data, including documents, contracts, time entries, bills, legal spend, and more, for offline review.

In‑house legal teams need reporting and legal analytics software because it turns scattered data into clear, easy‑to‑understand information that helps them work smarter:

- Brings all matter and data to one centralized platform to give legal teams highlights at a glance.

- It shows real-time insights on budget, deadlines, and trends to help in avoiding any risk before it happens.

- Customizable and automated insights reporting frees the legal teams from the hassle of Excel sheets and emails.

- Get an overview of matter progress, monitor each matter stage, and share the matter progress across all legal departments.

- View tag activity related to matters, contacts, research, motions, and e-discovery, along with date and tag usage.

- Automatically monitors regulatory requirements, maintains audit trails, and generates compliance‑ready reports to reduce legal risks.

- The legal reporting software offers a variety of customizable reports each for tracking matter status, staff and outside counsel performance, and budget.

Measuring the performance of an in-house legal department includes tracking key metrics that reflect efficiency, cost-effectiveness, risk management, and client satisfaction by using a legal dashboards and reports. Here are some essential ways to assess performance:

- Monitor the time taken to resolve legal matters from intake to closure.

- Calculate the average cost incurred for handling each legal matter.

- Compare actual legal spend against the allocated budget to ensure access costs and identify any area that needs attention.

- Track the number of compliance breaches, audit findings, and the effectiveness of policies to ensure adherence to legal and regulatory standards.

- Assess the number of matters handled by members of the legal team to ensure balanced workloads and optimal resource utilization.

- Track billable hours and legal spend with detailed legal reports and dashboard to stay compliant with budget and take data driven decisions.

Setting key performance indicators for in-house teams is essential for measuring progress, reducing inefficiencies, and reporting and analytical tools help teams establish and monitor these KPIs effectively with the help of best reporting software like MatterSuite.

- Ensure that the KPI set by legal teams reflect their goals, such as risk, cost, or fast matter management.

- Utilize customized reporting tools that focus on specific KPI relevant to the team.

- The legal reporting software provides insights into tasks and user activity logs to track individual and team performance.

- Set KPIs that early detect potential issues, use legal dashboards and reports that offer early warnings on budget overruns, deadline slips, or compliance gaps, enabling proactive risk management.

- Make informed decisions by analyzing detailed insights and reports. The platform allows you to export matter and spend data, track matter stages, and filter reports by various parameters, facilitating comprehensive data analysis.

Mattersuite offers comprehensive metrics and reports to help in-house legal teams monitor performance, manage workloads, and ensure compliance. Here's an overview of the key metrics and reports available:

- Matters report track the progress, stage, status, and timeline of specific matters.

- Legal spend summaries to help the team analyze legal spend by matter, department, or vendor and manage budget in an organized way.

- Team performance metrics that monitor individual and team productivity by assessing task completion rates and activity logs.

- Create detailed reports on billable hours, invoicing, and time entries to streamline billing processes, with billing and time tracking reports.

- Document and evidence management to maintain records of all documents and evidence associated with each matter, ensuring easy retrieval and organization.

- Client and contact reports for comprehensive information on clients and contacts, including communication history and associated matters.

- Calendar and task reports help review upcoming events, deadlines, and task statuses to stay organized.

- Compliance tracking to identify potential issues at an early stage by monitoring deadlines, regulatory requirements, and adherence to protocols.

The reporting system is designed to enhance the efficiency of legal teams and is included in the MatterSuite’s subscription. With our reporting system, legal teams can easily generate and customize reports on matters, legal spending, team performance, compliance, billing, and more.

These reports help in tracking key metrics, identifying potential risks early, and making data-driven decisions. Additionally, MatterSuite provides a 7-day free trial with full access to all features, allowing you to explore its capabilities.