What are Legal KPIs?
Legal KPIs and metrics measure and monitor the performance of the company’s dispute, litigation, and settlement efforts. Often, these metrics include not just standard courtroom activities, but also efforts dealing with intellectual property, administrative and human resources support, contract dispute negotiation, and litigation management.
Using Legal KPIs to Maintain Legal Operations Integrity
There’s more to a legal department’s metrics than just the monetary value of their efforts. To justify their spend, legal departments must be constantly prepared with quantitative data that speaks to the legal group’s efficiency, internal counsel performance, maximization of resources, and more. With the right legal KPIs, it becomes easier for corporate counsel to manage and improve their performance and efficiency.
6 Legal KPI Examples for Managing Corporate Counsel Operations
When used correctly, legal KPIs can provide insight into a department’s various litigation activities, whether in corporate governance, government affairs, intellectual property, or other areas. Unfortunately, many departments either don’t track any metrics or track only surface-level data that doesn’t offer any valuable insight. When using structured data, however, legal departments can measure KPIs, such as the following 6 examples, that will address specific quantitative benchmarks:
- 1.Average Total Cost of Case
- 2.Cycle Time: Final Patent Decision
- 3.Legal Expense per Attorney
- 4.Copyright Filing Error Rate
- 5.Legal Department Staffing Ratio
- 6.Pending Cases per Litigation Attorney
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Individual Legal KPI benchmarks that contain 1 benchmarked KPI –
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Custom Legal benchmarking KPI Data-as-a-Service projects and consulting engagements
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