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features
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Description

Optimize your legal department's spending by harnessing the full potential of your data for smarter financial decisions. Collaborate with legal trailblazers worldwide and achieve savings of up to 20% on outside counsel costs. Our tailored solutions, driven by genuine market intelligence, guarantee that you engage the most suitable lawyer at the optimal firm for the best price. Transform ineffective data into precise, organized information that yields reliable and impactful insights. Bodhala’s unique machine learning technology refines and improves data as it flows into the system, turning unproductive data into valuable, structured formats. Each Bodhala client benefits from a dedicated team of legal specialists committed to guiding you from the initial implementation phase to successful operation. Our highly knowledgeable team, which includes data analysts and former legal professionals, stands ready to assist you. Discover how Bodhala can facilitate significant savings on your outside counsel expenditures while enhancing your overall legal spending strategy. Additionally, our ongoing support ensures you continually improve your spending efficiency and decision-making quality.

Description

Over half of a legal department's financial resources are allocated to external law firms, prompting some organizations to rigorously verify payments for invoices that can include thousands of line items each year. By enhancing compliance and minimizing overpayments, clients can achieve cost reductions of 5 to 10% in their spending on outside counsel. Additionally, by streamlining the invoice review process, clients can cut down the time spent on this task by as much as 80%. This leads to the provision of trustworthy data that allows law departments to glean strategic insights for further savings. Furthermore, it can help decrease overspending on outside counsel by up to 10%, ensuring a return on investment from day one through diligent billing assessments and quicker payment processes. The automation of invoice analysis not only reduces the burden on law department staff but also eliminates up to 80% of the time traditionally consumed in this review process, thereby promoting efficiency and cost-effectiveness in legal spending. In conclusion, such systematic approaches can significantly transform the financial landscape of legal departments.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Mitratech LegalHold
V-Person
aarwinMEP

Integrations

Mitratech LegalHold
V-Person
aarwinMEP

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Bodhala

Founded

2014

Country

United States

Website

www.bodhala.com

Vendor Details

Company Name

Conduent

Founded

2017

Country

United States

Website

www.conduent.com/solution/legal-operations-solutions/legal-invoice-analytics/

Product Features

Legal Spend Management

Analytics / Reporting
Budgeting & Forecasting
Financial Controls
Insurance Claims Defense
Invoice Review
Legal e-Billing
Matter Management
Outside Counsel Management
Relationship Management
Strategic Planning
Vendor Management

Product Features

Legal Billing

Accounting Management
Automatic Billing
Calendar Management
Case Management
Client Portal
Document Management
Expense Tracking
Time Tracking

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