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Law firm reporting that visualizes data to help grow your practice

Focus on strategy, not spreadsheets. Powerful legal analytics and reporting software that provides a clear picture of how your firm is performing.

Our reporting and analytics features simplify law firm reporting and make it actionable. Use configurable dashboards, or utilize pre-built reports to identify blind spots, outliers, and opportunities in your practice to drive growth and expansion through productivity, compensation, and profitability reporting.

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Admin dashboard in CARET Legal
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“CARET Legal consolidates accounting and reporting tools, along with bookkeeping features, all in one place. The platform helps me keep track of critical information and provides valuable insights and key performance indicators that help me manage most effectively.”

Hannah Stitt
Tectonic, LLP

Out-of-the-Box Law Firm Reporting

CARET Legal comes with powerful out-of-the-box client, compensation, productivity, accounting, trust, and vendor reports that provide valuable insights into your firm’s performance. Generate and schedule regular reports on client payment rates, total fees and expenses, referral revenue, effective rates, three-way reconciliation reports, and more.

reports in CARET Legal

Our library of analytics reports

These reports come standard with any CARET Legal package:

  • AR Aging Summary – The total amount of unpaid invoices grouped by Client, Matter, are various levels of delinquency.
  • Statement of Account – List of invoices and payments for a particular Client or Matter.
  • Sales Tax – Shows information about sales tax amounts collected for a particular duration.
  • Client Payments – A listing of all payments from Clients.
  • Matter Rate Card – List of all Matters along with the Rate Cards assigned to them.
  • Total Billing – Total Fees and Expenses billed by Matter.
  • Referral – Realized and unrealized revenues from Matters introduced by specific referral sources.
  • Originating Attorney – Realized and unrealized revenues from Matters, grouped by Originating Attorney.
  • Split Compensation – Detailed view of fees split by Matter Origination/Responsible rates.
  • Fee Allocation – Detailed view of fees, soft costs and hard costs that have been collected by Matter and User.
  • Split Payout – Payout amounts grouped by Matter and Users.
  • Work In Progress – Summary of un-billed fees and disbursements.
  • Timekeeper Productivity – Review billable hours and realization rate by Timekeeper.
  • Flat Fee Productivity – Review hours worked and collections for Flat Fee Matters.
  • Billable Hours Recap – Daily, Weekly and Monthly view of Billable and Non-Billable Time Entries by Timekeeper.
  • Billed and Collected – Billed and Collected fees grouped by User, Practice Area or Location.
  • Timekeeper Goals – Track Timekeeper goals for time and amounts billed.
  • Effective Rates – A listing of hours worked, fees collected and their effective rate.
  • General Ledger – A complete record of transactions, grouped by accounts.
  • Profit & Loss – Also known as an Income Statement, shows your total income and expenses over a period of time.
  • Profit & Loss by Location – View Profit & Loss segmented by Location.
  • Balance Sheet – A statement of the assets, liabilities, and capital at a particular point in time.
  • Trial Balance – A listing of the last balances for each account as of a particular date.
  • Chart of Accounts – A listing of all accounts used in the general ledger.
  • Account Reconciliation – A listing of all reconciliations.
  • Write-Off – A listing of all write-offs.
  • Firm Budgeting – A listing of current and previous budget amounts.
  • Three-way Reconciliation – Confirm that your bank balance, book balance and the sum of trust balances are in check.
  • Trust Account Ledger Summary – Listing of all trust balances within each trust bank account.
  • WIP-AR-Trust – Summary of un-billed Fees, Expenses, AR, unused Trust and Operating Retainers by Matter.
  • AP Aging Summary – Outstanding payments to vendors grouped by aging period.
  • Vendor Payments – Listing of payment totals made to Vendors and Contacts.
  • Vendor Reimbursement – Listing of unpaid Vendor Bill Expenses that have been marked as billable.
  • 1099 Reporting – Generate 1099-MISC and/or 1099-NEC documents for 1099-Required Vendors.
CARET Analytics dashboard

Get Advanced Legal Reporting with CARET Analytics

CARET Analytics advanced law firm reporting empowers firms to capture every revenue opportunity, expand market share, and improve profitability. Accessible as part of Enterprise Plus and Enterprise Insights plans.

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your-data-your-way

Your data, your way

Easily build custom dashboards and reports with drag-and-drop tools, giving you a clear view of your firm’s performance.
do-more-with-less

Do more with less

Automate data to create concise reports everyone understands, from associates to leadership.
revenue-opportunities

Identify revenue opportunities

Spot top-earning practice areas and clients to prioritize high-value cases and allocate resources strategically.
operate-with-predictability

Operate with predictability

Track billed and collected data for consistent cash flow and use pre-bill insights to forecast revenue.
accelerate-cash-flow

Accelerate cash flow

Identify aging receivables and payment trends to streamline collections and address slow-paying clients.
resource-allocation

Improve resource allocation

See which attorneys and staff excel in each area, optimizing case assignments and resource use.

Law Firm Reporting that Fosters Data-Driven Decision-Making

Get the data you need to make informed decisions. Use our dashboards to identify blind spots, outliers, and opportunities in your practice to drive growth and expansion through productivity, compensation, and profitability reporting. With CARET Legal, firms can:

Customize and schedule reports

Our user-friendly interface and pre-built reports make it easier for your team to maximize productivity.

  • Auto-send reports save time and ensure your office is up-to-date and aligned
  • With options for cash or accrual basis as well as customization options, our reporting system is tailored to meet the specific needs of your firm

Track law firm reporting analytics in real-time

Gain real-time visibility across your entire organization.

  • Track your firm’s performance
  • Anticipate issues proactively
  • Manage trust accounts accurately
  • Generate required financial statements

Organize and align your teams

Advanced compensation reports show clear financial insights such as billed, collected, responsible, and originating reports.

  • View financial statements, WIP, and timekeeper productivity
  • Communicate quickly with stakeholders
  • Share essential details with your clients
  • Bill every hour with accuracy​

Forecast your financial future

Accurately forecast your firm’s growth with advanced reports that show clear data-driven financial insights.
  • Secure your data and keep sensitive client and financial data safe against unauthorized access
  • Cut costs around timekeeping while identifying cost-saving opportunities by monitoring and ensuring accurate billing hours

Better business insights with legal reporting software

You can't improve what you don't measure

Easily monitor key performance metrics that are important to your business.

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Are you fully leveraging data analytics?

Get the most out of your data by answering 5 basic questions...

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Ready to take your firm further with a modern, cloud-based platform with 24/7 support?

Get started with a free trial, or schedule a demo to see how our legal practice management software helps you work smarter and maximize revenue.

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