Lean Insights: Firm Payment Trends

Details on how to use the Firm Payment Trends dashboard from Lean Insights

Rebecca Beasley-Cockroft avatar
Written by Rebecca Beasley-Cockroft
Updated over a week ago

The Firm Payment Trends dashboard is a report that allows you to understand the payment cycle and collection timing of payments recorded in LeanLaw. This guide will provide instructions on using and interpreting the features of the dashboard.

Accessing the Firm Payment Trends Report

  1. Navigate to the Reports section in your application.

  2. Select "Advanced Reports" in the left navigation to access the advanced reports section.

  3. Click on "Firm Payment Trends" to open the dashboard.

Understanding Payment Trends

  1. The dashboard focuses on payments registered with LeanLaw

  2. Payments not recorded in LeanLaw, such as those received via mail or check that haven’t been added into LeanLaw, will not be reflected in the dashboard.

Time Period Filter

  1. The dashboard includes a time period filter that allows you to select the specific period for analyzing payment trends.

  2. Choose the desired time period from the available options.

  3. The report will display payments data based on the payment data from the selected time period.

Trend Visualization

  1. As you change the time period filter, the dashboard graph will update to show the payment amount over time.

  2. Notice any patterns or fluctuations in payment collection during different periods.

    1. For example, there may be periods of high payment activity followed by quieter periods.

Total Amount Paid

  1. The section provides a summary of the total amount paid during the selected time period.

  2. This information reflects all payments across clients and matters recorded in LeanLaw.

Payments by Clients

  1. To view payment details for specific clients, refer to the table that summarizes the amounts paid by each client.

  2. This table displays the clients and the corresponding total payment amounts within the selected time period.

Payment Data Details

  1. The payment data table provides a comprehensive view of payment details.

  2. It includes columns for client, associated matter, payment date, and payment amount.

  3. Use this table to explore individual payment records and their respective amounts.

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