Overview

BigHand Matter Pricing is a cloud‑ready, AI‑enabled budgeting, pricing, and cost‑tracking solution for law firms. It integrates with existing practice management systems to empower lawyers and pricing professionals with data-driven matter profitability insights. The platform supports the full lifecycle—from setting up budgets and choosing resources to tracking actuals, analyzing scenarios, issuing alerts, and reporting transparently to clients and finance teams. The result: reduced write-offs, better margin control, and stronger client relationships.

Features and Capabilities

• Integrated budgeting & tracking: Offers an intuitive user interface that supports both top-down and bottom-up budget creation. Provides near-real-time monitoring of actual costs against budgets, enabling legal teams to manage financial performance proactively throughout the matter lifecycle.
• AI‑enabled timecard analysis: Leverages artificial intelligence to analyze raw time entries, delivering deep insights into the true costs, effort distribution, and team structure behind legal work. Helps firms better understand resource utilization and optimize team allocation.
• What‑if scenario planning: Allows legal and pricing teams to adjust resource configurations, rates, and other variables to simulate different pricing models and fee arrangements. Supports informed decision-making to maximize profitability and client satisfaction.
• Matter cloning: Simplifies budget creation by allowing users to copy proven templates from historic matters. Facilitates consistent and efficient pricing strategies based on real-world benchmarks and past performance.
• Automated billing & cost loading: Streamlines the billing process by integrating billing and cost data directly into the platform. Reduces manual data entry, lowers the risk of errors, and ensures more accurate and timely financial reporting.
• Alerts & notifications: Provides automated budget-versus-actual alerts and proactive notifications to help legal teams detect potential budget overruns early and take corrective actions before they impact profitability.
• Role‑based access & reporting: Enables secure access controls based on user roles, ensuring that sensitive financial data is protected. Delivers comprehensive dashboards and performance reports at both group and matter levels to support transparency and accountability.
• Multi‑currency & portfolio support: Handles budgets in single or multiple currencies, allowing firms to manage global matters with ease. Offers portfolio-level insights to track financial performance across multiple matters, clients, or practice groups.
• Integrations: Seamlessly integrates with major practice management systems (PMS), supporting both cloud-based and on-premise deployments. Ensures smooth data flow and compatibility with existing IT environments.