Lexicon Brand Manager Lauren Hoffman and Chief Information Officer Brad Paubel host The LeXFactor, A Lawfully Good Podcast. In this episode, they are joined by Lexicon Business Insight and Analytics Manager John Chwarzinski to discuss how law firms can make successful decisions by using data analytics.
John highlights ways that law firms can form data analytics strategies, in order to make smarter business decisions that will lead to higher profits and happier customers. He describes how law firms can begin structuring their data strategies, in order to develop effective data collection and storage methods.
John emphasizes how important having someone who is able to interrupt data is, so that decisions can be made based on the recommendations of a data analyst. He talks about how to make data actionable, as well as how data can impact financial forecasting.