LSA Technology for Everyone
Law Firms & Legal Departments Face Identical Challenges: Optimizing Efficiency & Pricing Uncertainty
Legal Spend Analytics means more than saving 20% on legal fees—it informs strategies and behaviors to strengthen the relationship between clients and outside counsel. Our LSA tools show how you should be collaborating to achieve strategic goals.
Our solutions utilize proprietary technology to ingest raw legal spend data directly from invoices to reveal price and value KPIs for both Law Firms and Corporate Legal Departments.
Enhance the Relationship Between Client and Outside Counsel By Converting Legal Spend Data Into Actionable Information
Turn uncategorized billing data into properly categorized data. Our Pricing Decoder ingests millions of dollars of unstructured billing data, categorizing items by UTBMS and Legal Decoder proprietary codes into appropriate task types.
Use categorized task data to manage pricing and budgeting decisions. Our Pricing Decoder analyzes and aggregates invoice data to report past pricing for use in future pricing.
Assigning work based on the appropriate skillset and seniority level of timekeeper reduces client risk and the need for write-downs.
Our Compliance Decoder at a glance:
Features:
Proprietary technology ingests raw billing data directly from legal invoices
Over 45 customizable flags (continuously refined over time)
Narrative analysis on a line-item basis
Compare & contrast firms
SaaS-based product
Our Pricing Decoder at a glance:
Clients are sitting on raw unstructured spend data that hold rich strategic insights for both legal departments and law firms when properly analyzed.
Our proprietary technology employs the same lexicon used by attorneys for decades. Ingesting raw data directly from invoices, our solution distills narratives into granular detail showing not only what happened but potential areas of improvement for the future.
Narrative Entry:
We break down in detail:
Need to Integrate?
Integrate in just a few simple steps. Legal Decoder’s API allows for two-way communication with the LSA technology. We support LEDES format as well as delimited files in CSV format. Results hosted by Legal Decoder using Tableau or published to customers BI tool.
