Data-driven Matter Management, Budgeting and Pricing for Law Firms

Is your firm ready for data-driven decision making?

The business of law is constantly evolving, and yet some trends stay the same; budgets are under pressure and clients are demanding further and granular insight in the work that has been done. Clear & transparent matter management, legal pricing and client service delivery are taking a more prominent position, and rightfully so. A data-driven and client centric way of conducting business should be the cornerstone in any modern law firm’s strategy.

Clocktimizer helps law firms understand exactly who does what, when, where and at what cost, so that you can use those insights to price with data-driven confidence, improve internal processes and increase firmwide profitability. Empowering law firms to offer transparent service delivery, clear and comprehensible pricing, and top tier matter management at scale.

Pricing & Scoping

Whether your firm has a mature pricing strategy or is just beginning to work with alternative fee arrangements, Clocktimizer can help. Successful fee arrangements rest on an accurate knowledge of the value of each building block in a matter. We help law firms understand value, cost and predictability based on historical matter data. Allowing you to compare like-for-like and build tailored arrangements that are fruitful for client and firm alike.

Clocktimizer hands pricing professionals the tools to become data-driven sparring partners, able to respond in real-time to any incoming pricing request.

Matter Management

Legal Project Management is becoming essential for law firms. For good reason. Firms often run countless numbers of complex matters at once. Keeping track of all this; the wins, the losses, whether something is over or under budget; is impossible without good project management. However, legal project managers are often held back by an inability to scale what they do. Without scale, firms can never truly benefit from the oversight and control project management can bring to their firm.

Clocktimizer puts all the information you need to manage matters in one place, from budget oversight to out-of-scope work notifications. And gives you the tools to scale legal project management across the firm.

Practice Analysis

For many practice group leaders, it can be challenging to quickly have the key performance metrics available. Questions around profitability, type of work performed and hours associated should not be hard to answer.

With Clocktimizer you can get answers to your questions in a few clicks. From understanding what your most profitable practice area is, to identifying how much time is spent on any given work type or activity. So you can spend your time on strategy, not spreadsheets.

Hear what our customers say....

"Previously , the only way to dig into a matter was to read through the timecard narratives to understand who die what work, how long it took, and what was actually done. There were no phase and task codes, so I often had to spend tow days coding timecard narratives. I was delighted to discover a platform that could do all of this work for me!"

Eugenia Frenzel
Director of Pricing at Perkings Coie

"The Clocktimizer team has been unbelievable thoughtful when it comes to coaching and running training programs that help us understand both aspects of implementing new technology: How to implement the Clocktimizer platform and how to get the most out of it."

Bart Gabler
CIO & Director of Pricing and Legal Project Management at K&L Gates

"Beyond the scaling and time-saving Clocktimizer allows to to do, (the Clocktimizer team) really listens to your clients. You continue to enhance your product based on our experiences, and that makes our relationship with Clocktimizer feel much more like a partnership as opposed to a business transaction."

Levi Remley
Director of Pricing Barnes & Thornburg

See how Litera Clocktimizer drives data-driven decision making:

Data driven AFAs

Data driven AFAs

Without data, it is difficult to ensure that alternative fee arrangements are successful for both the firm and its clients. Use Litera Clocktimizer to make tailored pricing arrangements based on historical dat

Scope for success

Scope for success

Failure to properly scope work leads to unforeseen expenses and write offs. Clocktimizer allows advanced scoping and real time resource management to avoid unexpected costs.

Time is Money

Time is Money

Getting granular, task-level financial information is time consuming and often inaccurate, especially if it requires manual input from lawyers. Clocktimizer offers actionable data with the right level of detail at the click of a button, so you can stop playing catch up and start planning.

Scalable legal project management

Scalable legal project management

The Clocktimizer platform summarizes your matter data into an easy-to-understand dashboard with tailored notifications. So every matter for every partner at your firm can benefit from legal project management.

No manual task coding

No manual task coding

Clocktimizer is unique in using natural language processing on narratives instead. Making your data easy to access, malleable and above all actionable. Narratives give the most granular and up-to-date picture of what everyone is working on, leading to great insights for your most important matters or clients.

Know your most valuable clients

Know your most valuable clients

Running a firm means knowing who is most essential to your business. Clocktimizer offers data on more than just revenue per client. Clocktimizer breaks down your client relationships by profitability, team members and type of work done.

Is your firm ready for data-driven decision making?

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Additional Resources

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Clocktimizer helps you make data-driven decisions around pricing, budgeting and operations.

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Use Cases: Discover what Clocktimizer can do for your firm

Whitepaper

Law firm pricing & analytics

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Scaling up Legal Project Management
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