Knowsley Management Services
Legal Practice Management Consultants
KMSWorkPlans™ and KMSFeedBack™ Reports…
Twenty-five years experience has shown us that most small-medium law firms generate relatively poor profits. It need not be the case, with simple effective management tools in place in your firm.
KMSWorkPlans™ and KMSFeedBack™ Reports are very practical planning and reporting tools that have been used with huge success in many KMS client law firms in the last twenty-five years.
They are individually tuned to each fee-earner, and tap into the commonsense proposition that planning well for a person to effectively utilise the time for which you are paying them, and supporting them with firm resources and infrastructure, is most likely to lead to productivity improvements.
Other important profit levers such as effective introduction of Alternative Fee Arrangements can then have maximum “bite”.
Firms using these tools are among the very top level of firms worldwide in percentage of total hours as ClientTime hours, and get the most value from team members’ FirmTime hours.
Both outcomes dramatically affect per Principal profit improvement, and profits in properly leveraged KMS client firms using these tools are extraordinary.
KMS can work closely with you to implement these tools and after background scoping of your firm we will give you a KMSActionPlan and fixed price for your investment…so you can budget accurately and relax…
Once the KMSActionPlan is completed you can have us do the ongoing reporting for you monthly, or take it in-house.
Either way, a very small annual Licence fee is payable per fee-earner.
In contrast to most other Licence fees you will have encountered, KMSLicences scale down over the first three years to a fixed basement level, and do not increase per user thereafter …ever!
For example, at present each user pays $85 in year one, $55 in year two and $35 in year three…each plus GST in Australia…so a firm with 25 fee-earners using both KMSWorkPlans™ and KMSFeedBack Reports™ would pay $4250 plus GST in year one, and just $1750 plus GST in year three and thereafter… assuming no fee-earner number changes.
Licence fees do not change during the year if you add (or reduce) fee-earners.
The incredible value for money inherent in these systems is very evident when it is considered that KMS client firms typically generate on average $150,000pa per fee earner more than their peers in similar firms without these KMS systems in place.
For more information and a confidential telephone discussion about the benefits your firm will obtain please email Rob Knowsley via the Contact Us page.
"The best starting point in bringing the benefit of Rob's experience to your firm is an initial free chat on the phone with one or more principals, to get a good handle on the challenges facing you.."
Partner at Rainey Collins Rob has provided our legal firm with invaluable advice over a number of ye.