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What is CounselLink?

LexisNexis® CounselLink® is recognized as a leading cloud-based legal management solution designed to grant corporate legal departments unparalleled visibility into all matters and invoices, which aids in effective cost management, productivity enhancement, and informed decision-making. The platform's capability to present both electronic and paper invoices in detail, down to the line item, significantly enhances the accuracy of forecasting legal costs, guaranteeing that every expenditure is tracked and accounted for. Moreover, its time-efficient features, including the SmartReview rules engine, optimize the billing process by automatically aligning charges with predefined billing standards. The system supports the collection, organization, tracking, auditing, and reporting of all legal expenses, whether internal or external, thereby improving the legal team's efficiency and cost-effectiveness to drive superior business outcomes. In addition, it strengthens relationships with law firms by promoting collaboration on budgets and assignments. Users benefit from the ability to assess and rate law firms, which provides a reliable and impartial mechanism for evaluating their performance and efficacy over time. This holistic strategy not only facilitates financial oversight but also cultivates a more strategic legal department, better prepared to tackle future obstacles and improve overall operations. By ensuring a comprehensive understanding of legal spending and performance, CounselLink empowers legal departments to align closely with broader organizational goals.

What is BigHand Matter Pricing?

BigHand Matter Pricing stands out as a cutting-edge solution that employs artificial intelligence to assist law firms with budgeting, pricing, and tracking, thereby significantly improving their financial management across various cases. This platform integrates effortlessly with existing practice management systems, empowering pricing teams and attorneys to achieve exceptional financial outcomes through data-driven strategies for budgeting and cost evaluation, alongside optimizing resource allocation and minimizing write-offs, while also delivering clear and transparent reports to clients. By improving the financial oversight of legal matters, firms can enhance their profitability and provide increased value to their clients simultaneously. Users have the flexibility to create both simple and complex budgets tailored to client specifications and can track key performance indicators in real time. Utilizing historical data enables firms to make strategic decisions about resource allocation and fee structures, leading to the identification of the most profitable pricing models. Furthermore, by reducing the inefficiencies linked to manual reporting processes, firms can substantially boost their earnings and make better financial decisions, fostering a more efficient operational landscape. In addition to its financial tracking capabilities, this innovative tool also establishes a foundation for long-term growth within law firms, ensuring they remain competitive in a rapidly evolving legal landscape. As a result, the integration of BigHand Matter Pricing not only streamlines financial management but also enhances client satisfaction and retention.

Media

Media

Integrations Supported

Bridger Insight XG
Juris
LexisNexis Prospect Portfolio
Microsoft 365
Microsoft Outlook
Nexis Data+
Nexis Diligence
Nexis Social Analytics
VerifyRX
eCitation

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS
On-Prem

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

LexisNexis

Company Location

United States

Company Website

software.lexisnexis.com/cl/2019/overview

Company Facts

Organization Name

BigHand

Date Founded

1995

Company Location

United Kingdom

Company Website

www.bighand.com/en-us/our-solutions/matter-pricing/

Categories and Features

Categories and Features

Legal

Not specified

Matter Management

Not specified

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