Developed in 2000, the BRASS
plus provides participants with hard-to-find benchmarking data on timekeeper billing rates by location, practice group and a combination of both.
The BRASS
plus is released on a biannual basis; the initial and the mid-year release.
Participation is now underway for the initial release of the 2012 BRASS
plus.
Timing: Data submissions for participation in the initial release of the BRASSplus are due on April 13, 2012. Results will be distributed in electronic format on or before May 31, 2012.
Fees: The base fee for participation in this release of the 2012 BRASSplus is $1,750. The base fee includes three comparison group reports. Each participant will also receive one Management Summary Report for every 3 to 5 comparison groups ordered for an office or practice group. Additional comparison groups will be billed separately and discounts are provided for firms that order more than 10 additional comparison groups.
Why you should participate
- Access to billing rate information from some of the nation’s most profitable law firms: Last year nearly 75% of the largest, most profitable law firms participated.
- Three distinct billing rate benchmarks: The BRASSplus collects information on three distinct billing rates — standard (published) rate, agreed-upon (worked) rate and the billed (effective) rate. This feature allows participants to benchmark the billing rates that many firms realize due to client pressures.
- Availability of benchmarking key revenue metrics by office and/or practice group: Many law firms acknowledge the importance of managing revenue by practice group, in addition to geographic location. Also, geographic and practice area comparison groups combine to create our "Practice Area by Location' Reports.
- Ability to 'customize' comparison groups to fit your firm’s needs: Participants can choose to benchmark their individual offices and practice groups to over 1,500 standard geographic comparison groups and 300 standard practice area comparison groups. In addition, many firms opt to create custom comparison groups from a list of their peers/competitors to fit their individual firm needs.
- A win-win time investment to cost proposition: The time necessary for participation is minimized with our free data extraction tool, which for many participants, is as easy as a download of information from their financial systems.