BigHand Impact Analytics Description
BigHand Impact Analytics, which was previously named Digitory Legal, aids law firms in identifying the most relevant value metrics while offering a data-driven approach to showcase the advantages of their legal services through its award-winning, AI-powered timecard analysis. This analysis encompasses the firms' billing data, diversity, equity, and inclusion statistics, as well as lawyer resource allocation. By leveraging this solution, firms can pinpoint chances for career-enhancing assignments, bolster DEI efforts, and concentrate on improving time recording practices, which ultimately leads to a more efficient billing and collection system alongside enhanced data insights. The technology employed by Impact Analytics consistently categorizes legal work within a specific code system, ensuring that the resulting data delivers dependable insights for pricing strategies, project management, and DEI reporting. Additionally, it provides a comprehensive understanding of the costs associated with various activities, enabling clients to assess the effectiveness, transparency, and profitability of their legal billing practices and DEI strategies. This innovative approach not only enhances operational efficiency but also fosters a culture of continuous improvement within legal firms.
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8am
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CoCounselor
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BigHand Resource Management
BigHand Resource Management serves as a comprehensive tool for legal work distribution and resource management, enabling law firms to pinpoint resources, anticipate utilization, oversee workloads, and provide a structured approach to lawyers' career advancement. This solution offers real-time insights into team availability and associated costs, enhances profitability on cases, and promotes diversity, equity, and inclusion objectives through fair distribution of work. It provides a comprehensive view of capacity at the individual lawyer level, across teams and practice groups, allowing for strategic planning and work allocation based on client requirements, holiday scheduling, profitability considerations, and diversity initiatives. Additionally, it empowers lawyers to monitor their progress against essential metrics and objectives, fostering a sense of ownership over their responsibilities. The platform also includes a searchable database of lawyer skills, industry knowledge, established relationships, and language proficiencies, along with insights into current spending rates and upcoming allocations relative to matter budgets, thereby assisting partners in effective matter management and strategic decision-making. This comprehensive approach ensures that law firms can operate efficiently while nurturing the professional growth of their lawyers.
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Company Details
Company:
BigHand
Year Founded:
1995
Headquarters:
United Kingdom
Website:
www.bighand.com/en-us/our-solutions/impact-analytics/
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Web-Based
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Online Support
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