# Law Firm Dashboard

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.

- Canonical: https://finamodel.com/excel-dashboard/law-firm
- Excel download: https://finamodel.com/templates/law-firm.xlsx

## 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's included

- Equity partners and fee-earners
- Leverage, utilisation, and realisation
- Revenue per lawyer
- EBITDA margin and PEP
- Enterprise value
- Revenue mix by four practices

## Frequently asked questions

### 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.

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