Law Firm Economics, put to work.
Alidade FP is the application behind the framework. It brings the firm's financial data together, builds it into proper financial statements, and measures every level of the firm against the plan leadership agreed to.
How it works
Three steps turn scattered financial data into a clear view of where the firm stands. Each runs on an established platform built for serious financial work.
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1
Collect and prepare
Financial data from the firm's systems is gathered in one place, where it's stored, cleaned, and organized so every number can be traced and trusted.
Microsoft SQL Server -
2
Build the statements
The prepared data becomes proper income statements and balance sheets, built the way the firm's finance team already reads them.
Oracle Essbase -
3
Compare to plan
Each set of results is measured against the expectations leadership agreed to, and the Business Trinity Chart shows where every unit stands.
Business Trinity Chart
Statements are built at every level of the firm: the firm as a whole, each office, each practice, and down to individual timekeepers.
From gathering numbers to explaining them
The biggest change isn't a new report. It's where the finance team's time goes.
Today
Much of the month goes to pulling reports from different systems, reconciling them, and assembling spreadsheets. By the time the numbers are ready, there's little time left to explain them.
With Alidade FP
The gathering and assembling happen in the application. The finance team starts from finished statements and spends its time on what the numbers mean and what leadership should do about them.
See where your firm stands.
Tell us about your firm, and we'll walk you through how Alidade FP would work for it.
Get in touch