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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.

Description

LexisNexis® CounselLink® stands out as a premier cloud-based legal management platform aimed at providing corporate legal departments with complete transparency over all matters and invoices, enabling them to effectively manage costs, enhance productivity, and make informed decisions. By offering a detailed view of both electronic and paper invoices at the line item level, it greatly improves the predictability of legal expenditures, ensuring that every dollar spent is accounted for and monitored. Additionally, time-saving features like the SmartReview rules engine streamline the billing process, automatically adjusting charges to comply with established billing guidelines. The solution allows for the collection, organization, tracking, auditing, and reporting of all legal expenses, both internal and external, thus boosting the efficiency and cost-effectiveness of the legal team to achieve superior business results. Furthermore, it fosters stronger partnerships with law firms by facilitating budget collaborations and firm assignments. Users can also rate and evaluate law firms, providing a consistent and objective means to assess their performance and effectiveness over time. This comprehensive approach not only ensures financial oversight but also contributes to a more strategic legal department that is better equipped for future challenges.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Bridger Insight XG No 
Juris No 
LexisNexis Prospect Portfolio No 
Microsoft 365 No 
Microsoft Outlook No 
Nexis Data+ No 
Nexis Diligence No 
Nexis Social Analytics No 
V-Person Yes 
VerifyRX No 
aarwinMEP Yes 
eCitation No 

Integrations

Bridger Insight XG Yes 
Juris Yes 
LexisNexis Prospect Portfolio Yes 
Microsoft 365 Yes 
Microsoft Outlook Yes 
Nexis Data+ Yes 
Nexis Diligence Yes 
Nexis Social Analytics Yes 
V-Person No 
VerifyRX Yes 
aarwinMEP No 
eCitation Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

Conduent

Founded

2017

Country

United States

Website

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

Vendor Details

Company Name

LexisNexis

Country

United States

Website

software.lexisnexis.com/cl/2019/overview

Product Features

Legal Billing

Accounting Management No 
Automatic Billing No 
Calendar Management No 
Case Management No 
Client Portal No 
Document Management No 
Expense Tracking No 
Time Tracking No 

Product Features

Enterprise Legal Management (ELM)

Contract Lifecycle Management No 
Document Management No 
Legal Automation No 
Legal Spend Management No 
Legal e-Billing No 
Matter Management No 
Reporting / Analytics No 
eDiscovery No 

Legal Spend Management

Analytics / Reporting No 
Budgeting & Forecasting No 
Financial Controls No 
Insurance Claims Defense No 
Invoice Review No 
Legal e-Billing No 
Matter Management No 
Outside Counsel Management No 
Relationship Management No 
Strategic Planning No 
Vendor Management No 

Alternatives

Alternatives

CounselLink Reviews

CounselLink

LexisNexis