Polaris
Benchmark every practice. Price every opportunity.
Polaris was built to answer the most pressing questions law firms raise. Where should the firm be spending its attention, and what would spending it there be worth? Our analytics team takes your leadership through the answers to both.
What Polaris shows you
Where each practice sits, metric by metric
Where is the problem, really? By benchmarking each of your firm's practices against the equivalent practices at your peer firms, you can pinpoint the pain points accurately.
Firm-wide data shows that your billable hours per lawyer is perfectly in line with peers. That's true, but it's not the full picture.
In your litigation practice, this metric is actually far ahead of peers. In your corporate practice, it needs work.
Where investing in change is worth the most
The widest gap is not necessarily the place to start. Polaris models the annual profit opportunity behind every change, letting you know what transformation is really worth.
The most obvious gap between your firm and peers in your real estate practice comes from business services leanness (the number of business services professionals compared to fee earners).
But our
profit modelling shows that transforming annual rates rises is worth significantly more for your practice.
You choose who counts as a competitor
Peer groups you can be measured against
- Magic Circle & Silver Circle
- London Peer Firms
- Mid-market UK Firms
- Top 20 Global Firms by Revenue
- Top 50 US Firms by Revenue
- New York City Peer Firms
- Global Real Estate Peer Firms
Benchmarks are shown in aggregate only. No firm can see another firm's numbers.
What gets benchmarked
Polaris measures every metric you could need to understand your firm, benchmarked practice by practice against your peer group.
Revenue quality & security
What you charge, how much of it you keep, and how dependable the revenue is.
Delivery model & profitability
How the work is staffed, leveraged and delivered, and what it costs to run.
Business development
Where new revenue comes from, and how the clients you already have grow.
"This does a great job of highlighting open goals for us."
Paul Marco
Managing Partner
How it works
01
You send us your data
Your firm's HR and financial data.
02
We process and run an in-depth analysis
Cleaned, reconciled and benchmarked practice by practice against your peer group.
03
We present to your leadership
Where each practice sits, and the annual profit opportunity behind every change.
After
Pirical On Demand
Keep tracking your firm's key metrics through the year, benchmarked and up to date.
