Performance Metrics and Benchmarking
Peer and Industry Benchmarking
Consilio’s peer benchmarking services provide data-driven insights into the legal spending, staffing, operations, technology and compensation of corporate law departments.
Our clients often seek to use benchmarks as a critical starting point to understand how their department’s performance compares to industry peers. One of the most significant challenges to benchmarking is ensuring an “apples-to-apples” comparison or at the very least to determine the drivers of difference. Our team helps our clients go beyond vague benchmarking by developing a tailored industry-specific benchmarking study that can holistically assess benchmark results in the context of the department’s strategic priorities and business objectives.
In addition to client-tailored benchmarking studies, Consilio publishes our annual Law Department Benchmarking Report in alliance with The General Counsel Forum. For more information about this year’s report click here.
Performance Metrics and Dashboards
Measuring department performance on a consistent, ongoing basis is essential to developing a successful and sustainable law department business plan. Our team’s extensive experience working with law department leaders, legal technology and analytics provides us the vantage point to help our clients identify the most important key performance indicators, the infrastructure needed to obtain those data points and the dashboard designs and processes for reporting metrics in a meaningful manner to various stakeholders.
Performance metrics and dashboards are a valuable, but historically overlooked, resource to support a variety of law department business needs, including:
- Providing leadership with information to make data-driven operational decisions
- Communicating effort, results and value to the business
- Measuring progress to promote, reward and recognize desired behavior
- Justifying current or future spending, staffing levels or department initiatives