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Matter Budgeting Profitability Workflow

Develop matter budgets, track against actual, and analyze profitability.

Complexity: High | Duration: 15-30m | Category: Industry/Legal Services

Tags: budgeting profitability pricing forecasting analytics

Workflow Diagram​

Steps​

Step 1: Develop matter budget​

Develop matter budget

Step 2: Phase budget by task​

Phase budget by task

Step 3: Track actual vs. budget​

Track actual vs. budget

Step 4: Analyze variances​

Analyze variances

Step 5: Update forecasts​

Update forecasts

Step 6: Identify profitability issues​

Identify profitability issues

Step 7: Report to partners​

Report to partners

Step 8: Implement cost controls​

Implement cost controls

Step 9: Evaluate alternative fees​

Evaluate alternative fees

Step 10: Report on matter economics​

Report on matter economics

Usage​

To execute this workflow:

/workflow industry/legal-services/matter-budgeting-profitability-workflow.workflow

See other workflows in this category for related automation patterns.