Legal Firms that Win, are Winning with the help of Advanced, Automated Financial Planning and Analysis and Performance Management Systems Both financial planning and analysis (FP&A) and performance metrics systems (PMS) are important for a law firm. FP&A helps the firm plan and budget for future expenses and revenue, while PMS provide insights into the firm's current operations and performance. Together, these tools can help a law firm make informed decisions about its financial and operational strategies as well as provide further insights into management and profitability while maintaining industry compliance.