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Serious Simulations

SIM Samples

Department Profit Calculator

The Department Performance Calculator (DPC) is designed to be a simple-to-use means of encouraging legal practitioners to understand the variables which impact on profitability in a law firm department.

It is one of Ranmore's large suite of business simulation tools, designed to reflect the financial imperatives of specific business sectors.

It enables users to:

  • Try alternative staffing structures and salaries,
  • Alter hourly charge rates,
  • Change the utilisation of staff, i.e. the chargeable hours they record,
  • Alter realisation (discounting, write-offs and bad debts),
  • Alter lock-up (billing and debt collection speed).

Some other variables can be changed with tutor assistance.

The model is given to practitioners who attend certain Ranmore courses so that they can set it up to represent their own department.

In support of financial models such as the DPC, Ranmore also has user guide manuals, case studies, 'what-if' scenarios and explanatory handouts.