Developed in 2000, the BRASSplus provides participants with comprehensive benchmarking information on billing rates by geography, practice group, and a combination of both.
The BRASSplus is released on a biannual basis: the Initial and the Mid-Year Release. Participation is now underway for the Initial Release of the 2016 BRASSplus.
The results are delineated into three distinct benchmarking Reports, targeted to the Firm managers responsible for taking action. Each Report includes summary charts designed to visually present the firm's current and historical position relative to its peers. A description of the metrics included within each of the Report offerings is described here.
Available again this year to participants is the Revenue360 Performance Analytics Dashboard. This Dashboard features key metrics from the Revenue Management Report. The desktop application allows multiple users at the Firm to interactively filter between both historical and current year benchmarks across multiple comparison groups, multiple metrics and multiple attorney groups.
New this year is the Talent360 Performance Analytics Dashboard. This new product will be similar in functionality to our Revenue360 Dashboard, but will feature metrics contained within the Talent Management Report. This Dashboard will be complimentary for any Firm that orders the Revenue360 Dashboard.
Timing: Submissions for participation in the Initial Release of the BRASSplus are due on April 8, 2016. Results will be distributed on May 27, 2016.
Fees: The base fee for participation in this release of the 2016 BRASSplus is $1,950. The base fee includes three comparison groups in any of the three Reporting styles. Each participant will also receive a complimentary ‘Snapshot of Findings’ Report for every Revenue Management Report and Talent Management Report ordered. Additional comparison groups will be billed separately and discounts are provided for firms that order more than 10 additional comparison groups.
Pricing for the Revenue360 Performance Analytics Dashboard is based on the number of comparison groups ordered. Participants will be charged a fee of 50% of their total invoice (before tax), with a minimum cost of $1,000 and a maximum cost of $1,950.
The new Talent360 Performance Analytics Dashboard will be free for any Firm that orders the Revenue360 Dashboard and has ordered at least one Talent Management Report. If your Firm only wants to receive the Talent360 Dashboard, it will be billed according to the same schedule as the Revenue360 Dashboard.
A ‘Bundling’ Pricing Option is available again this year - For those law firms that participate in both the LFSS and the BRASSplus, we are offering a set price option of $25,000 for any number of comparison groups or Report Types available from both Surveys. More specifically, this includes the following:
Key Benefits to Participation: