Law Firm Dashboard
Operating Businesses Excel Template (Free Download)
Review a law firm's partners, fee-earners, leverage, utilisation, realisation, revenue per lawyer, EBITDA margin, profit per equity partner, enterprise value, and practice mix for planning and valuation reviews.
professionals from Deloitte
Used by professionals from
About this dashboard
The Law Firm Dashboard presents the headline operating and valuation outputs from a seven-year law firm model. It shows equity partners, fee-earners, leverage, utilisation, realisation, revenue per lawyer, EBITDA margin, profit per equity partner, enterprise value, and revenue mix across four practices.
Use it to review partnership profitability, rate-card and realisation changes, platform underwriting, or board and lender reporting. The dashboard outputs are supported by Headcount, Revenue, P&L, FCF, and Valuation sheets: those schedules roll partners and associates, convert hours into practice revenue, calculate operating profit, bridge to unlevered free cash flow, and discount it to value.
Supporting workbook details include support staff, compensation, overhead, depreciation, tax, capex, WIP and debtor lock-up, net debt, shares, and terminal growth. Equity-partner compensation is treated as the residual pool, so PEP is pre-tax EBIT per equity partner; the DCF applies entity tax separately. Revenue mix covers corporate and M&A, litigation, real estate, and employment.
What every dashboard includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Law Firm Dashboard
- Equity partners and fee-earners
- Leverage, utilisation, and realisation
- Revenue per lawyer
- EBITDA margin and PEP
- Enterprise value
- Revenue mix by four practices
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What does the Law Firm Dashboard show?+
It shows equity partners, fee-earners, leverage, utilisation, realisation, revenue per lawyer, EBITDA margin, profit per equity partner, enterprise value, and revenue mix across corporate and M&A, litigation, real estate, and employment practices.
Why does leverage matter?+
Leverage is the ratio of salaried associates to equity partners. Associates generate billable hours above their loaded cost, so the spread contributes to the residual partner pool. The model therefore links leverage, utilisation, realisation, and PEP explicitly.
How is PEP calculated?+
Profit per equity partner is calculated on a pre-tax basis as EBIT divided by the equity-partner count for each year. Equity-partner compensation is treated as the residual distributable pool, while entity tax is applied separately in the unlevered DCF.
What drives the revenue mix?+
Total billable hours are split across four practices by hour shares. Each practice is priced using the blended standard rate, its rate index, realisation, and annual escalation; a litigation-geared success-fee layer adds contingent revenue to the practice totals.
Why does the model use an unlevered DCF?+
The FCF schedule charges maintenance and fit-out capex and the change in WIP and debtor lock-up working capital before discounting unlevered cash flow. Valuation then bridges enterprise value through net debt to equity value and value per share.
Have more financial modelling questions? Contact us
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