Navigating the New Reality: How Law Firms Are Rewriting Their Financial Playbooks

Profitability, efficiency, and client satisfaction demand more than spreadsheets - they require insight.

For law firms, profitability has never been under greater pressure. Rising costs, client demands for efficiency, and outdated tools create financial strain at every level. Our research shows the reality: 58% of attorneys cite inflation as a top threat, 42% of corporate legal departments face cost-cutting mandates, and 73% of firms say their current tools don’t match how they actually work.

With Foundation Scoping and Foundation Finance, firms gain real-time visibility into work, costs, and margins—turning financial management from reactive reporting into proactive strategy.

In this eBook, you’ll discover:

  • How to connect activity to outcomes with transparent WIP/AR and margin visibility.
  • Why identifying risky matters early prevents revenue loss.
  • How firms can forecast profitability and price with confidence using defensible scopes.

DOWNLOAD NOW

Litera will use the information you have provided here in accordance with our Privacy Policy. By providing your personal information, you agree that Litera may use it to contact you by email and/or telephone about our services, promotions or events that Litera may be offering/hosting. You may always opt out later if you do not want Litera to contact you. If you do not agree to Litera using your personal information for this purpose, do not complete this form.