Corporate Legal Billing Software
As legal costs for corporate legal department continue to rise, and the need for integration across a wide spread legal team is the need of the hour, counsel must identify new ways to control their legal cost and manage potential risk without compromising on efficiency.
LSG’s Advocator System® ELM will help corporate legal departments to collaborate and share knowledge among internal team members and with outside counsel. It also helps them to drill down to detailed legal costs and make better sourcing decisions for their legal work.
Enterprise Legal Management Made Easy
with Advocator System®
Enterprise Legal Management encompasses the many components necessary to successfully run Legal Operations within a corporate structure. LSG’s Advocator System® ELM will help corporate legal departments to collaborate and share knowledge among internal team members and with outside counsel. It also helps them to drill down to detailed legal costs and make better sourcing decisions for their legal work.
Advocator System® ELM Features
- Selection and case/matter assignments.
- Panel and rate management.
- Budgeting and case/matter planning.
- Case and document management.
- Automated bill review and compliance monitoring.
- Powerful reporting within Advocator System®.
- LSG Data Analytics reporting.
- Matter/claims and payment feeds.
- External supplier management.
Corporate Legal Solutions Beyond Billing
Business Intelligence is the key to understanding performance and trending and empowering business decisions. Data can be analysed and the results presented in a variety of ways to provide vital information that confirms previous and drives future business decisions, highlights outliers and fosters curiosity. Whether at a high-level or granular, reporting informs and notifies, bringing visibility to the complex and provoking important questions. Unwanted detail can be filtered out to provide answers to specific questions. Specific reports can be quickly and easily produced. These are just some of the ways we go beyond billing for our corporate legal clients.
This is an exciting time in the enterprise legal management (ELM) software. With ever-growing pressure on legal departments to reduce spend, General Counsel expect to be armed with greater budget predictability, workflow efficiency and crystal-clear visibility into legal spend. That’s where ELM comes in. Properly implemented, ELM builds a foundation for digital transformation and integrated risk management. ELMs such as LSG’s Advocator System® include features to manage all activities surrounding corporate legal practice from a single dashboard. Matter management functionality provides vital tools for running an efficient legal department. If your legal department outsources work to outside law firms, then legal spend management is an absolute must-have. When engaging outside counsel, you are likely responsible for controlling costs, managing firm selection and engagement. Beyond just billing, you will gain foresight into budgeting and future spend to create more predictability of department results. Get the quantitative answers you need to shape your legal operations and inform your decisions.