Successful firms make data-driven decisions with confidence, based on accurate reporting and well understood financial metrics.  Vertex’s team excels in quantitative methods, financial analysis, reporting and financial technology.

We can augment your staff with needed talent through our Fractional Ownership program, or extend a subscription to RidgeHawk, our Operational Intelligence service which puts your firm’s financials at your fingertips.  With RidgeHawk we put actionable information in the hands of your leadership allowing you to make data driven decisions with confidence and speed.

Does your firm have a profitability methodology? Our team has developed and tested many approaches and helped firms with its adoption.  We can also assist with financial system selection, upgrades, and the associated project management of an endeavor.

FINANCIAL PLANNING & ANALYSIS

Provide comprehensive advisory across all areas of FP&A including report design, key performance indicator (KPI) methodologies, and improve financial data confidence.  Create workflow to operationalize the FP&A outputs to accelerate the collection cycle, manage attorney performance, evaluate staffing needs, and measure group profitability.

ECONOMIC MODELING

Build financial model to develop proformas for groups, prospective lateral hires, pricing scenarios, write-off negotiation, and damages estimation.  Establish multiple modeling methods appropriate for various categories of management decision.

PRICING AND ALTERNATIVE FEE ARRANGEMENT

Develop pricing strategy that accurately determines utilization and productivity to improve efficiency over every hour billed.  Provide industry benchmarks and other reference points to establish optimized pricing.  Design risk-sharing Alternative Fee Arrangements that allow for sharing of risk and potentially more profitable alternative to traditional hourly rate.

COMPETITOR RATE RESEARCH AND ADVISORY

Research competitor rates based on selected criteria and devise pricing strategies that capture maximum value for service. Flag, avoid, and provide alternatives to problematic pricing scenarios such as race-to-the-bottom discounts, multi-year rate commitments, and reverse auctions.

PROFITABILITY METHODOLOGY ADVISORY

Design and adopt actionable methodologies to measure overall profitability, as well as the drivers of profitability (rates, realization, utilization, leverage, collection cycle, and staffing) which significantly improves firm efficiency and profitability.  Develop clear strategies regarding expense allocation, and level of financial transparency within the organization, and the process by which the methodology will be embraced as a legitimate measure by partnership.

FINANCIAL BENCH MARKING ANALYSIS

Analyze firm performance based on metrics that include charge rate application, industry performance, expenses/cost comparison, and productivity based on income.

E-BILLING OPERATIONS AND CONSULTING

Manage the selection and implementation process of a new service, or assess and optimize an existing one to ensure it is properly configured to the needs of the firm.

COMPENSATION DESIGN AND ADVISORY

Design compensation plan which encourage behaviors that support the firm’s goals.  Create compensation plan that is clear, fair, and profitable.  Operationalize compensation program which ensures everyone is encouraged to behave in a way that maximizes their individual contribution to the organization.