Engage Value Calculation

Thank you for using the Engage Value Calculator from Family Law Lab. Here is how we worked out the additional revenue your team could recover using Engage.

1. You told us there are {:2} family specialists in your team with each one having, on average, {:3} new client matters each month. You told us the average hourly charging rate for your team is {:5}. This is useful because we can then work out the value of the time that Engage can recover for your team that would otherwise be 'lost' to the essential but non-chargeable activities listed below.


2. We have taken the time each person spends on 'phone calls with prospective clients (you said about {:26} minutes) and assumed we could save at least 10% of that time by using Engage. This is because you can appropriately and sensitively inform prospective clients that Engage will capture the details so you don't need to. This represents additional potential revenue of {:10} for your team each month.


3. You thought your team created a comprehensive and legible file note of a new client's factual circumstances including their expectations and shared it with your clients in {:7} of your new cases. You don't need to create those notes any more. The Engage submission is your detailed, legible note and your prospective client will receive it directly from us. This represents additional potential revenue of {:11} each month.


4. You thought about {:6} of your team's new client cases involved family finances. We have used this figure to calculate the value of the time liberated by having a bespoke schedule of assets spreadsheet automatically provided for you rather than being created from scratch each time. We know this is an essential tool of the trade but our data shows it takes 90 minutes to create one from scratch with the correct calculation fields each time. Clients won't pay for that. This represents additional potential revenue of {:12} a month.


5. Most lawyers spend about 15 minutes reading a detailed Engage submission before seeing a new client prospect.  That is a time cost.  So to be fair we have assumed your team will do the same and we have added the cost of this time back into our calculation by reference to your hourly chargeable rate.

In total, your team could recover

{:15} a month

That's {:20} a year.

If you would like to join the growing number of firms embracing innovation and using Engage, please get in touch and we'll do the rest.