All of the financial and operational statistics provided within the 2014 LFSS are for the operating year ending December 31, 2014. Base salary information for administrative managers and departmental supervisors are collected and reported as of January 1, 2015. Outlined below are the five audience-specific reports that your firm receives with participation in the LFSS. Sample reports from the Survey are included in the attached files.
The Finance & Operations Report (FOR)
The FOR contains a detailed summary of revenue and expenses, and their related factors. This report should be used for further departmental analyses and budget development. From the results, Department Managers can report back to the Executive Director with information about departmental-related expenses which may be favorable or "out of line".
The Detailed Operations Report (DOR)
The DOR is a detailed expense itemization for each broad expense category provided within the FOR. This report should be used for additional departmental analyses and budget development. From the results, Department Managers can report back to the Executive Director with more detail information about departmental-related expenses which may be favorable or "out of line".
The Managing Partner's Report (MPR)
The MPR compares your Firm’s data with two or three comparison groups ordered. It is a high level summary of key profitability and operational measures intended for the Managing Partner, or others who fill this role and have responsibility for the overall assessment of the Firm’s competitive situation.
The Management Summary Report (MSR)
The MSR compares your Firm’s data with two or three comparison groups ordered. It contains topics from the MPR which are supplemented with more detailed data. From the results, an Executive Director can report back to the Managing Partner with information such as the Firm’s relatively high expenses being attributable to a particular department.
The 'Report Export' Spreadsheet
This spreadsheet report (in .xls format) consists of a 'data export' of the comparison group statistics provided within the Finance & Operations Reports ordered. The group statistics from each comparison group ordered by the Firm will be displayed as a separate worksheet within the spreadsheet. Your Firm’s data for each office and practice group submitted to the Survey will be included in a separate worksheet.
Please contact a Survey staff member if you would like to preview this product.