Know What the
Work Costs. Price It
With Confidence.
When pricing runs on instinct and financial visibility arrives too late, your firm leaves money on the table. Litera connects your matter data to both the pricing decision and the financial outcome, so you price with evidence, track with confidence, and see profitability in real time.
Precision from Scope to Close
Know the True Cost
Your historical matter data classified and structured automatically, so your pricing team sees where time was spent before evaluating the next deal.
Scope with Confidence
Phase-and-task coded data behind every budget, whether your arrangement is hourly, fixed, capped, or blended.
Spot Margin Risk Early
Relay real-time financial performance across your matters, practices, and offices, so leadership sees margin risk as it develops, not after the write-off.
Connect Price to Profit
Connect billing, collections, and profitability to the same matter data used to set the fee, so teams can see whether the pricing decision delivered the intended result.
Turn Your Firm's Financial Data Into
Decisions
reporting, every pricing decision runs on data your team can
trust.
PRICING AND SCOPING INTELLIGENCE
Foundation Scoping
Foundation Scoping uses natural language processing to automatically categorize your historical time entries, giving your pricing and BD teams the data they need to scope confidently and respond to pricing requests in real time.
- Historical matter data categorized automatically so every price starts with structured data your firm can defend
- Benchmarking across comparable matters, phases, and task codes so your pricing team sees what the work actually cost before quoting the next one
- Budget-to-actual tracking that surfaces margin risk in real time
LEGAL BUSINESS INTELLIGENCE
Foundation Finance
Foundation Finance connects your billable hours, revenue, profitability, and real-time reporting to the matter data that drives them, so your finance team and firm leadership operate from one trusted set of numbers.
- Billing and collections managed alongside matter profitability in a single platform
- Financial reporting anyone can run, from your pricing analysts to managing partners, without waiting on a BI team
- Real-time visibility into your firm's financial performance across practices and offices, available the moment the question is asked
years of legal-specific data expertise behind every classification
partner adoption
Trusted by the Firms That Set the
Standard
-
Previously, the only way to dig into a matter was to read through the timecard narratives to understand who did what work, how long it took, and what was actually done. I was delighted to discover a platform that could do all of this work for me!Eugenia Frenzel
Director of Pricing, Perkins Coie
Related resources
Raise The Bar™
With One Connected View From Price To Profit
from historical evidence and track profitability as the work progresses.