Insights to guide your fee review and pricing strategy
There is a misperception in the legal industry that there is an imbalance of economic information as between law firms and their clients. The truth of the matter is that both law firms and their clients have access to comparable data. This billing data could be using more effectively if buyers and sellers of legal services collaborated around it using modern data analytics tools. This level of transparency will make the practice of law value driven and will benefit all parties.
Read MoreSee 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.
Read MoreWhen Toys ‘R’ Us filed its Chapter 11 bankruptcy petition in late 2017, many industry experts predicted that the big winners in the case would be the lawyers and financial advisors. They didn’t know that Legal Decoder would be called on to assist by the federal appointed fee examiner.
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