When data becomes insight, you win.
When data becomes insight, ideas are generated.
|“Oh, we have the data. We just don’t have the resources or expertise to distill it for actionable information.” With each invoice containing dozens of line items, it’s easy to see how law departments become “data rich, information poor”. Stop the DRIP with LegalEye’s® Legal Spend Analytics Services and step into a world of free-flowing and manageable information.|
|Whether you’re a rapidly growing company or a multi-billion-dollar organization, send us your legal invoices and related data in any format. We will transform this data into insight using our proven framework. Our weekly conference calls and web meetings keep everyone apprised of progress and results, and provide the|
|opportunity to ask questions and generate ideas that would have otherwise remained unconsidered. See examples of how LegalEye® helps clients through analytics and benchmarking.|
When ideas are generated, strategies are developed.
Understanding historical performance is prelude to establishing effective strategies, such as:
Designing and implementing alternative fee arrangements for a portion of your portfolio
Insourcing certain matters or elements of litigation
Changing your approach to certain phases and tasks to better align case strategy and objectives with financial constraints
When the right strategies are implemented, goals are achieved.
Lowering your portfolio risk while reducing the costs thereof are not mutually exclusive goals. Rather, they are a function of a proven, methodical approach informed by a clear understanding of your culture and other dynamics. Just as expectations of the C-Suite, your team and the internal customers they serve must be constantly managed and balanced (optimized), so too must those of your outside counsel, their partners, staff and other stakeholders. Our solutions reflect a long-term view of those tenets.
Contact us to learn more about how LegalEye® Analytics can improve your legal spend predictability.