Headlines:

• Prepare to Compete in a Tough Legal Market with MatterAnalyzer
• Moneyball for Lawyers: Build an All-Star Legal Team That Delivers Greater Value with Metrics
• Change Your Outlook on Matter Management with One Click: A Complimentary Webcast With TyMetrix

Prepare to Compete in a Tough Legal Market with MatterAnalyzer

To win business, law firms must find a way to distinguish themselves from the rest of the pack. And today, numbers speak louder than words to clients.

MatterAnalyzer from TyMetrix Legal Analytics takes the guesswork out of allocating staff, establishing pricing strategies, and budgeting matters by delivering benchmarking metrics stored in the TyMetrix LegalVIEW^® data warehouse. LegalVIEW^® contains data from actual invoices of more than 17,000 law firms and vendors, representing more than $45 billion in legal spend. By conducting analysis on real data, you can be sure you know market trends.

Law firms use the MatterAnalyzer benchmarking tool to measure how they stack up against the competition, and define their value proposition. MatterAnalyzer enables them to:

• Analyze risks and costs to manage profitably.
• Offer win-win solutions to requests for alternative fee arrangements that grow margins.
• Propose budget certainty to secure new business.

Likewise, corporations use MatterAnalyzer to benchmark their outside counsel and gain insight into defining the value they provide. MatterAnalyzer lets them:

• Assess pricing strategies to reduce cost and improve efficiency.
• Establish fee arrangements to enhance value-based partnerships.
• Improve budget certainty and predictability.
  

To request a demo of MatterAnalyzer, click here.

Moneyball for Lawyers:
Build an All-Star Legal Team That Delivers Greater Value with Metrics

Are you keeping score? If not, the latest white paper from TyMetrix Legal Analytics, Using Data-Driven Metrics to Establish the Law Department’s Value, can show you how tracking numbers can help you master the business of law and gain a competitive advantage.

This white paper explains how law departments can use 10 metrics to accomplishthree critical objectives. First, data mined from matter management and e-billing systems gives lawyers the ability to quantify and report on the value of their operations in the bottom-line terms that executives understand. Second, these numbers enable in-house counsel to benchmark their performance against predefined goals, historic results, and industry benchmarks. Finally, general counsel can crunch these numbers to build an all-star team composed of efficient inside lawyers and staff supplemented by cost-effective outside counsel. Ultimately, metrics help law departments transcend their limited budgets and demonstrate their value.