Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
BigHand Matter Pricing is an innovative tool that leverages artificial intelligence to assist law firms in effectively budgeting, pricing, and tracking their matters from a financial perspective. This solution, which integrates seamlessly with practice management systems, enables pricing teams and attorneys to secure improved financial results by utilizing data-driven budgets and cost assessments, optimizing resource allocation, minimizing write-offs, and providing transparent reporting to clients. By enhancing financial management of legal matters, firms can boost their profitability while delivering greater value to clients. The platform allows for the creation of both simple and intricate budgets tailored to client needs, facilitating the real-time calculation of essential key performance indicators. Additionally, it harnesses historical data to guide decision-making and offers options for selecting various resources and fee structures to forecast the most advantageous pricing strategies. Ultimately, this tool not only helps increase a firm's profits but also eliminates inefficiencies from manual reporting processes, empowering legal professionals to make more informed financial choices. Moreover, it fosters a comprehensive understanding of matter profitability, enabling firms to thrive in a competitive landscape.
Description
LexisNexis® CounselLink® stands out as a premier cloud-based legal management platform aimed at providing corporate legal departments with complete transparency over all matters and invoices, enabling them to effectively manage costs, enhance productivity, and make informed decisions. By offering a detailed view of both electronic and paper invoices at the line item level, it greatly improves the predictability of legal expenditures, ensuring that every dollar spent is accounted for and monitored. Additionally, time-saving features like the SmartReview rules engine streamline the billing process, automatically adjusting charges to comply with established billing guidelines. The solution allows for the collection, organization, tracking, auditing, and reporting of all legal expenses, both internal and external, thus boosting the efficiency and cost-effectiveness of the legal team to achieve superior business results. Furthermore, it fosters stronger partnerships with law firms by facilitating budget collaborations and firm assignments. Users can also rate and evaluate law firms, providing a consistent and objective means to assess their performance and effectiveness over time. This comprehensive approach not only ensures financial oversight but also contributes to a more strategic legal department that is better equipped for future challenges.
API Access
Has API
API Access
Has API
Integrations
Bridger Insight XG
Juris
LexisNexis Prospect Portfolio
Microsoft 365
Microsoft Outlook
Nexis Data+
Nexis Diligence
Nexis Social Analytics
VerifyRX
eCitation
Integrations
Bridger Insight XG
Juris
LexisNexis Prospect Portfolio
Microsoft 365
Microsoft Outlook
Nexis Data+
Nexis Diligence
Nexis Social Analytics
VerifyRX
eCitation
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
BigHand
Founded
1995
Country
United Kingdom
Website
www.bighand.com/en-us/our-solutions/matter-pricing/
Vendor Details
Company Name
LexisNexis
Country
United States
Website
software.lexisnexis.com/cl/2019/overview
Product Features
Product Features
Enterprise Legal Management (ELM)
Contract Lifecycle Management
Document Management
Legal Automation
Legal Spend Management
Legal e-Billing
Matter Management
Reporting / Analytics
eDiscovery
Legal Spend Management
Analytics / Reporting
Budgeting & Forecasting
Financial Controls
Insurance Claims Defense
Invoice Review
Legal e-Billing
Matter Management
Outside Counsel Management
Relationship Management
Strategic Planning
Vendor Management