Industry insights

The industry insights reports use Legal Tracker's vast Global Benchmark data (approximately $100 billion) on legal spend to provide new insights.
3 read-only reports make available metrics regarding legal spend using next-generation dashboard functionality.
  • Average Matter Cost
  • Average Spending by Firm Size
  • Timekeeper Rate Trends by Firm Size
Organizations can use these reports to negotiate with law firms and better understand the costs and placements of their legal work.
To use this feature, you must have access to the analytics module. Once enabled, the reports will be available.
note
This feature is currently only available to customers hosted on Legal Tracker's U.S. data center.
To access the industry insights reports, go to
Analytics > Industry Insights
and select the report you want to open. You can easily navigate between reports using the tabs.
Data is presented over a 3-year period to enable trend analysis. This period covers the current year to date and 2 full prior years.

Average matter cost

The Average Matter Cost report enables users to understand what the average cost of a matter is, based on the matter type, area of law and location of legal work.
Filters
  • Matter Type - Single selection
  • Area of Law - Single selection
  • Location of Legal Work - Multiselect
Visualizations
  • Bar chart (limited to the top 10 selected states)
  • Table view with trending indicators
  • Map to understand geographical locations quickly and easily

Average spending by firm size

The Average Spending by Firm Size report enables users to understand industry data relating to the cost of legal work based on both company and law firm sizes, as well as by matter type.
Filters
  • Company Revenue - Single selection
  • Firm Size - Single selection
  • Matter Type - Multiselect
Visualizations
  • Bar chart
  • Table view with trending indicators

Timekeeper rate trends by firm size

The TK Rate Trends by Firm Size report enables users to understand industry data relating to the cost of timekeepers by classifications, by firm sizes across matter types, area of law, and the location of legal work.
Filters
  • Matter Type - Single selection
  • Area of Law - Single selection
  • Timekeeper Classification - Single selection
  • Location of Legal Work - Single selection
Visualizations
  • Bar chart
  • Table view with trending indicators
  • Map to understand geographical locations quickly and easily