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Legal Decoder

 
Legal Decoder is an outside counsel cost management company that has developed analytic tools, technology and cost savings methodologies that ensure fair and proper billing by outside counsel.

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Company Name:
Legal Decoder
Company Website:
http://legaldecoder.com/
Company LinkedIn:
https://www.linkedin.com/company/legal-decoder?trk=tyah&trkInfo=tas%3ALEgal+Decod%2Cidx%3A1-1-1
Company Twitter:
https://twitter.com/legaldecoder
Company overview:

Legal Decoder's proprietary technology analyses complex legal spend data and surfaces key trends and insights for legal industry leaders in an obvious and actionable way. We enable legal industry decision makers to make more informed, data driven decisions when it comes to pricing and economically evaluating legal services.

 

So far, we have helped our customers reduce their outside counsel spend by 30% net savings.

 

Solution(s):
HQ Location:
United States
Year Founded:
2013
Private / Public:
private
Ideal prospect law department size:
1-25
Number of employees:
1-50
Key Geographical Presence:
North America
Languages:
English
Solution(s):
  1. Compliance Engine (Specialty: Spend Management)

    Our Compliance Engine analyses billing data to ensure that lawyers and other legal professionals handle tasks commensurate with their skill level. The Compliance Engine analyses each invoice line item to determine if work is handled efficiently and cost-effectively which can lead to savings.

    Pricing Engine (Specialty: Spend Management)

    Firms and companies are sitting on large amounts of unstructured legal spend data. Making sense of that data would take months and finding the right people to do the work would take longer. Our Pricing Engine can transform and analyze your legal spend data in a fraction of the time. Whether it's M&A or Patent Litigation our Pricing Engine can help firms and companies analyze tasks and pricing history to create improved pricing strategies.

    Legal Spend Analyzer (Specialty: Spend Management)

    Critically analyzing a law firm invoice involves more than just examining “who” did “what” and for “how long.” You need to be certain that the right person handled the right task for the appropriate amount of time. Our proprietary Legal Spend Authentication technology intelligently automates the legal invoice review process to ensure that goal.