
Legal Tracker AdvancedThomson Reuters
Quickly analyze and compare legal costs against crucial benchmarks, including past data and industry standards. Equip your legal department with actionable insights to confidently negotiate rates and fees with external legal partners and enhance oversight and control over legal expenditures.
Vendor
Thomson Reuters
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Product details
Essential AI-powered spend management resources for your corporate legal department
Improve efficiency and maximize your legal department's value by accessing actionable insights and trusted resources through AI-driven spend management software tailored to corporate legal departments
Features
- **Make data-driven spend and budget decisions with automated rate management: **Achieve insight into your legal spend through a consolidated dashboard that provides stronger internal and external benchmarking. See the impact of proposed law firm rate increases in real time so you can predict future spend, view year-over-year budget impacts, and identify savings opportunities across your law firm portfolio.
- **Streamline negotiation and firm selection with intuitive workflows and automation: **Matter pricing and requests for proposals empower legal departments to enhance their competitive advantage by enabling them to accurately compare firms, automate processes, confidently negotiate, streamline learning and implementation, and improve the quality of outside legal support. Leverage the market’s top corporate legal spend data library for benchmarking matter, firm, and rate against industry, historical, and activity data.
- **Use spend analytics for a clear picture of your performance data: **Better manage expectations by leveraging data-driven insights on attorneys, law firms, judges, courts, and case types with spend analytics powered by Westlaw.
- Unleash the expertise of your legal professionals with AI-powered worfklows:Natural-language processing powered by Generative AI and advanced multilanguage models empower your legal department to make quick work of invoice reviews and unlock increased savings. Legal Tracker Advanced provides the AI tools you need to refine internal workflows and maximize your team’s resources.