Litera Clocktimizer is an innovative legal technology solution that empowers law firms to make data-driven decisions in matter management, pricing, and budgeting. By leveraging natural language processing, the platform accurately analyzes timecard narratives, providing valuable insights into task codes, resource allocation, and profitability. This comprehensive tool enables firms to boost profits, improve client service, and streamline their operations through transparent pricing, efficient matter management, and data-driven alternative fee arrangements.

Key Features

Natural Language Processing Clocktimizer uses advanced NLP to analyze timecard narratives automatically.

• Accurately determines task codes from invoices
• Eliminates the need for manual task coding

Data-Driven Decision Making Provides comprehensive insights for informed decision-making.

• Offers detailed understanding of who does what, when, where, and at what cost
• Enables data-driven confidence in pricing and process improvement

Pricing and Scoping Helps law firms create accurate and competitive pricing strategies.

• Utilizes historical matter data for value, cost, and predictability assessment
• Enables real-time responses to incoming pricing requests

Legal Matter Management Centralizes and streamlines the management of complex legal matters.

• Provides budget oversight and out-of-scope work notifications
• Scales legal project management across the firm

Practice Analysis Offers quick and easy access to critical practice insights.

• Identifies most profitable practice areas
• Analyzes time spent on various activities

Benefits

Increased Profitability Clocktimizer helps firms optimize their operations for better financial outcomes.

• Enables data-driven pricing and resource allocation
• Identifies most valuable clients and profitable practice areas

Enhanced Client Service Improves transparency and efficiency in client interactions.

• Offers clear pricing and top-tier matter management
• Provides tailored pricing arrangements based on historical data

Time Savings Automates time-consuming tasks, allowing lawyers to focus on high-value work.

• Eliminates manual task coding and narrative analysis
• Provides instant access to actionable, detail-driven data

Improved Matter Management Streamlines the handling of complex legal matters across the firm.

• Centralizes matter management in one platform
• Offers real-time resource management and budget oversight