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How to Use Data to Make Smarter Business Decisions in Your Law Firm

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Manage episode 475331043 series 2815124
Content provided by Tyson Mutrux. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tyson Mutrux or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Watch the YouTube version of this episode HERE

Are you looking to include data driven systems into your law firm? In this episode of the Maximum Lawyer podcast, Tyson underscores the pivotal role of data in making informed business decisions within law firms.

Data is a powerful tool that can make your life easier, especially when running a law firm. For a law firm, data can be used to improve different systems. For example, if you collect feedback surveys and want to know how best to serve clients, data from those surveys can be used to make informed decisions on how clients are supported. You can also use operational KPIs like case cycle times to understand how long it takes for a case to go from intake to completion. If you do not like what you see, you can determine what needs to be changed to shorten that time. It is important to focus on key metrics that can be used to take action.

Listen in to learn more!

01:03 The Importance of Data Over Gut Feelings

02:07 Netflix's Data-Driven Success

04:02 Identifying Key Metrics

05:53 Client Satisfaction Scores

06:43 Financial KPIs in Law Firms

07:39 Using Analytics Tools

Tune in to today’s episode and checkout the full show notes here.

  continue reading

824 episodes

Artwork
iconShare
 
Manage episode 475331043 series 2815124
Content provided by Tyson Mutrux. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tyson Mutrux or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Watch the YouTube version of this episode HERE

Are you looking to include data driven systems into your law firm? In this episode of the Maximum Lawyer podcast, Tyson underscores the pivotal role of data in making informed business decisions within law firms.

Data is a powerful tool that can make your life easier, especially when running a law firm. For a law firm, data can be used to improve different systems. For example, if you collect feedback surveys and want to know how best to serve clients, data from those surveys can be used to make informed decisions on how clients are supported. You can also use operational KPIs like case cycle times to understand how long it takes for a case to go from intake to completion. If you do not like what you see, you can determine what needs to be changed to shorten that time. It is important to focus on key metrics that can be used to take action.

Listen in to learn more!

01:03 The Importance of Data Over Gut Feelings

02:07 Netflix's Data-Driven Success

04:02 Identifying Key Metrics

05:53 Client Satisfaction Scores

06:43 Financial KPIs in Law Firms

07:39 Using Analytics Tools

Tune in to today’s episode and checkout the full show notes here.

  continue reading

824 episodes

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