Modern law firms generate tons of data that could help them make good business and case management decisions. Often, the problem isn’t having the data – it’s making sense of it; turning data into actionable information.
To do that, firms need more than reports—they need visibility. CARET Analytics delivers that in spades with its new role-based dashboards and smart alerting system. Instead of hunting for insights, your insights come to you.
With the power of CARET Analytics, your firm can:
- Gain insights that turn complex data into clear, actionable guidance.
- Optimize operations by streamlining workflows, improving efficiency, and reducing costs.
- Boost profitability by uncovering new revenue opportunities that accelerate cash flow.
- Enhance client service by better understanding how to deliver exceptional client experiences.
- Make smarter decisions by using data to prioritize high-value cases, refine client acquisition strategies, and optimize fee structures.
One Dashboard Does Not Fit All
CARET understands that not everyone at a law firm needs or wants to look at the same data. That is why CARET Analytics includes prebuilt dashboards tailored by role. Responsible attorneys see productivity and effective billing rates by matter and team member. Administrators monitor accounts receivable aging, pre-bills, and resource allocation. Each user gets a personalized lens on firm performance without needing to build anything from scratch.
For example, a supervising attorney can quickly spot which team members appear to be underperforming and drill into their time entries. Perhaps reviewing the time entries, grouped by entry type (e.g., standard, non-billable, and no charge) and client, answers the supervisor’s questions. If not, the supervisor can ping the team member directly without ever leaving the dashboard view. With the right data always available, course corrections are made visible to take action promptly.
Smart Alerts Prevent Missed Deadlines
Let’s say you have a client agreement capping billable hours at 200 per month. CARET lets you create an automated alert to notify the team the moment that threshold is crossed. Instead of learning too late that you’ve billed for work you cannot collect, the system nudges users in real time. These smart alerts help preserve profitability and reduce write-offs with minimal oversight.
You can also schedule recurring reports (daily, weekly, monthly) to land in inboxes like clockwork. Want to track effective billing rates or overdue balances? CARET will serve them up, Excel-ready if needed, so your team stays aligned with firm goals.
From Reactive to Predictive
What sets CARET Analytics apart is its move from descriptive reporting to predictive insight. For example, with accounts receivable, firms can analyze historical collection rates by client or matter and project future revenue more accurately. These forecasts let you adjust operations before problems escalate.
Need to track revenue by referral source or custom field? Power users can link those fields to matter and invoice data to create bespoke reports without exporting to Excel or Power BI. You can even build custom profitability metrics inside the dashboard using formula-style logic. The report builder includes Excel-style functions with built-in tutorials for each.
Built for Legal. Ready for AI.
CARET designed its embedded business intelligence features to be powerful yet approachable, and ready to answer the questions law firm leaders ask. Everything lives inside the platform, reducing the need for extra tools or data exports. And as AI capabilities expand, CARET Analytics sets the stage for deeper automation and smarter decisions down the line.
The Bottom Line
In a profession where time literally equals money, CARET Analytics helps firms cut down on spreadsheet wrangling and focus on delivering client value. With role-based dashboards, proactive alerts, and custom visualizations, law firms gain operational clarity without the need for an in-house data analyst, tons of training, or costly third-party products.
In short: You get the insights you need, when you need them, tailored to the way your firm actually works.
If you’re ready to turn your data troves into business decisions, visit CARET’s website to learn how CARET Analytics can help your firm.
Last updated September 25th, 2025
