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Turn your data into decisions
With Clio’s new custom reports, you get more control over the data that drives your firms’ business.
Get tailored insights into firm performance
Clio’s custom reporting experience gives your firm the flexibility, control, and clarity you need to drive smarter decisions—without relying on spreadsheets, integrations, or IT.
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Flexible report builder
Build the exact reports you need—from time tracking and billing to collections and compensation. Choose from a growing library of robust datasets, apply advanced filters, and group data to match your firm’s KPIs.
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Save and schedule views
Eliminate repetitive work by saving report configurations and scheduling them to automatically deliver to the right stakeholders—on your terms.
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Clear, reliable insights
Trust the numbers. Every metric includes a definition and source reference, so your team can act with confidence.
Understand your revenue drivers
In seconds, get insight into how your firm is performing.
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Track your revenue
Understand what’s actually being collected from your invoices. Use performance metrics to see if you should be asking for larger retainers, offering flexible payment plans, and using other reliable payment methods.
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Measure performance over time
Pinpoint what’s driving firm performance. See the data over a specific timeframe, and identify trends and changes over time—so you can plan annual budgets, invest in headcount, and set aside resources.
Understanding key business metrics for law firm growth
According to the Legal Trends Report, utilization, realization, and collection rates are the most important indicators of law firm growth. Below are the averages across the United States.
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Utilization Rate
Number of billable hours worked divided by number of hours in a day
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Realization Rate
Number of billable hours invoiced divided by the number of billable hours worked
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Collection Rate
Number of hours collected divided by the number of hours invoiced
Frequently Asked Questions
What is utilization rate?
Utilization rate measures how much of the day is spent doing billable work in comparison to the available hours in the day.
It’s an important metric that allows a law firm to determine how much of a lawyer’s day is spent on revenue-generating work compared to other activities.
What is realization rate?
Realization rate measures how much billable work ultimately gets billed after time reporting, discounts, write-offs, and other variables.
What is collection rate?
Collection rate measures how much billed work has been collected.
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