Why It Matters
Legal departments push for AFAs to make spend predictable. Firms need good historical data on what work actually costs to price them without losing money, which is where matter data and analytics come in.
Legal Operations & Spend Management Companies
OnitOnit provides enterprise legal management software for matter management, legal spend and legal operations…
DiliTrustDiliTrust offers SaaS software for legal operations and corporate governance, covering board portals, contract…
WordsmithWordsmith is an AI platform for in-house legal teams to draft, review and research…
BrightflagBrightflag is legal spend and matter management software with e-billing and vendor management for…- PERSUITPERSUIT is a platform for running legal RFPs and managing outside counsel pricing and…
Streamline AIStreamline AI is a developer of intelligent intake, workflow automation and matter management software…
Related Terms
- Billable hour
- The traditional law firm pricing model, in which clients pay for the time lawyers and staff spend on their matters at hourly rates.
- Flat fee
- A fixed price for a defined piece of legal work, regardless of the time it takes.
- Legal budget
- A legal department's plan for internal costs, outside counsel and technology over a year, often broken down by matter or business unit.
General information, not legal advice. Part of the Legal Tech Glossary, 173 terms in plain English.