 |
Maximising profitability and cash generation in personal injury work has always relied on the “aggregation of marginal gains” |
|
 |
Small improvements in a number of key performance areas, in aggregation, can result in significant improvements |
|
 |
This principle is now even more important as firms seek to mitigate the negative impact of the extension of fixed recoverable costs |
|
 |
There are numerous variables that determine the value of fixed costs recovered |
|
 |
However, there is little reliable, publicly available data against which firms can benchmark their own Key Performance Indicators |
|
 |
Our Fixed Profit Costs Calculator will; |
|
|
 |
identify your average profit costs by case type based on where your cases currently settle in the fixed costs process |
|
|
 |
benchmark the results against the best performing firms in the sector and; |
|
|
 |
quantify the potential for increasing profit costs through the “aggregation of marginal gains” |
|
|
 |
facilitate sensitivity analysis around key variables |
|
 |
The results can be used; |
|
|
 |
to identify where operational and process change is required or; |
|
|
 |
as part of a more detailed financial budget and business plan |
|