Top Tip #7 – Setting Katchr Targets

Share Post:

Share on facebook
Share on linkedin
Share on twitter
Share on pinterest
Share on email

Targeting performance in most law firms tends to be limited to Fees Delivered, Fees Received and Time Chargeable and as a result the majority of Practice Management Systems only provide the facility to store targets for these measures.

Katchr supports a wide range of targets to enable comparison of performance against expectations for a wide variety of measures. The following targets are currently supported:

 

Achieved Rate Matters Closed
Chargeable Mins Matters Open
Chargeable Time Utilsation % Matters Opened
Conditional WIP Balance Non Chargeable Mins
Debtor Days *Non Chargeable Mins Practice Development
Debtors Aged *Non Chargeable Mins Practice Management
Debtors Aged (60+ days) *Non Chargeable Mins Holiday/Sickness
Debtors Balance *Non Chargeable Mins Other Useful
Disbursement Days *Non Chargeable Mins 5
Disbursement Aged *Non Chargeable Mins 6
Disbursement Aged (60+ days) *Non Chargeable Mins 7
Disbursement Balance *Non Chargeable Mins 8
Fee Recovery % Total Time Recorded
Fee Recovery % Received Total Time Utlisation %
Fees Delivered Total WIP Balance
Fees Received WIP Aged
Lockup Days WIP Aged (60+ days)
Lockup Total WIP Days
Matter WIP Balance
 

 

*The Non Chargeable Mins categories will always reflect the name given specific to site)

 

To set your Targets, click on the cog in the top right hand corner and select Maintenance from the list. tt2-cogPlease note that only those with Administrator rights will see the cog.

Click on Target Maintenance and select the Target Type required from the drop down list.

Values can be entered individually in-line, with full validation:

target-maintenance

Click on the Save button if entering lines individually.

Bulk updates can also be performed to set the values across different business units, e.g. Firm-wide:

target-maintenance-2

Or for a particular department:

target-maintenance-3

Please note that the Katchr targets are monthly and not yearly and so will carry that figure month to month unless otherwise altered.

 

Don’t forget to return here in two weeks for another Top Tip.

If you require further information please e-mail or call us on 03333 010 766.

Are you ready to transform the way you use data?

Our Business Intelligence software for law firms integrates seamlessly into your firm, with first-class training, support and assistance on hand every step of the way.
– Guide –

Top 25 KPIs that law firms don’t measure (but should)

Are you looking to improve performance in your law firm? In this handy guide you will find answers to:

– Webinar –

How top law firms use data to improve performance

Frustrated by a lack of real-time reporting in your firm?
Need your fee earners to up their game commercially?
Fed up with paying your accountant to “format reports”?

More Updates

Katchr is 10

This month Katchr is 10! Yes 10 years since Niall and I stepped out from our previous employer to see if we could do any

Top 25 KPIs that law firms don’t measure (but should)

Subscribe to our newsletter to receive regular updates and law firm management tips from Katchr and to get instant access to this free resource.

Please note that by submitting this form, you agree to receive marketing messages and other communications from Katchr. You may opt-out of receiving further communications at any time. For more information click to see our privacy policy.