Legal Fee Transparency showcase at ACC
See how actionable data will empower the legal marketplace to increase fee transparency and lead to informed decisions. Legal Decoder will showcase our latest update to the LSA engine at the ACC conference in Phoenix beginning October 27th.
Our mission is to empower the legal marketplace with tools and actionable data that inspires more accurate, cost-effective, and informed legal spend decisions. We serve outside counsel, corporate legal departments, and third-party fee examiners without bias.
When using our software, companies gain better visibility, predictability and value for each dollar spent on outside counsel. This helps to ensure compliance with billing guidelines that are streamlined and enforceable. Meaningful cost savings are realized by confirming the right person performs the right task, at the right time, for the right price. Our anonymized benchmarking database supports fee transparency that we believe makes the practice of law better, more value driven, and leads to better outcomes.
Our Legal Spend Analyzer has a self-learning lexicon that attorneys already use to describe their work.
We combine action words with work elements and concepts in order understand legal billing descriptions and categorization correctly.
This unlocks the unstructured data so it can play a remarkable role in business analytics.
We facilitate objective outside counsel reviews by identifying firms that operate efficiently and employ the best leverage models. This way, you can use facts to support your legal budget and gain economies of scale by negotiating alternate arrangements with confidence.
We accomplish this by detecting inefficiencies, irregular entries, redundancies, churning, lost time, and other problematic charges. We then flag over 45 unique issues and surface them as staffing efficiency, workflow efficiency, and billing hygiene.
Our clients choose us because we are neutral and not biased to serve one market.
They say our data driven objectivity is powerful and drives honest conversations.