Prosperoware, a leading provider of enterprise software for law firms, corporate legal departments, and professional services, today announces early availability of its fourth generation client value management platform – Umbria.
This major version release – now available in the cloud – provides unprecedented flexibility to plan, monitor, manage, alert, and report on matters.
Umbria’s planning functionality has been redesigned to support both legal project management (LPM) and pricing functions. Monitoring is now provided through a dashboard architecture that can be configured to meet the needs of both clients and partners, and new flexibility in reporting enables partners to quickly report on and export data to fit their clients’ preferred (and often unique) needs (meaning no more sitting on the couch on Saturdays filling out client data reports!).
Client value has changed over the past decade as corporate General Counsel are now required to manage both internal and external spend to defined budgets. Law firm partners today must not only deliver high quality legal work, but also manage the financial side of client service. This is exceedingly difficult because there are no standard reporting formats and traditional e-billing task codes, which often fail to capture phases of work and other critical financial metrics, do not provide the needed clarity to make informed matter management decisions. Umbria has been designed to address this challenge by providing flexibility that empowers effective financial matter management.
With this latest release, Umbria is now available either on premises or in the cloud. In addition, while firms can still use Umbria across all their matters, they now have the choice to use Umbria with select engagements by importing data for only specific matters. With these enhancements, Umbria can now be deployed in just a few days – out of the box. This new pricing and deployment model substantially lowers the initial investment in the platform, allowing firms to quickly assess its value to the firm and its clients.
Company CEO, Keith Lipman, comments, “Prosperoware is the undisputed technology leader in this space. We’ve got 5+ years of experience co-building Umbria with the world’s most prestigious law firms. As a pioneer in the space, we’ve learned many valuable lessons…often the hard way. We understand what works and, arguably more importantly, what doesn’t when it comes to planning, alerting, monitoring, reporting, and managing matters. Umbria is now a complete solution for law firms to improve the financial-side of client service. These new enhancements, particularly the addition of the new SaaS model option, will further entrench Umbria as the standard client value management solution platform.”
To learn more about the new features in Umbria 2019.1, click here. To see the new features in person, Prosperoware will showcase the latest version of Umbria at the upcoming LMA P3 – The Practice Innovation Conference in Chicago at the Chicago Marriott Downtown Magnificent Mile on June 12 – 14.
Prosperoware is an enterprise software company providing solutions for law firms, corporate legal departments, and professional services firms. Our customers include nearly half of the G20 and Am Law 100 firms as well as large global corporations and Big Four accounting firms. Our innovative software transforms how professionals work and enables firms to deliver more value to clients while protecting profitability. We empower firms to reduce costs, improve profitability, and better compete by:
- Simplifying iManage administration and improving user adoption of electronic files
- Enforcing and automating information governance with a focus on security and risk management
- Improving relationships with clients by delivering predictable fees and beneficial insight into the work performed
- Empowering professionals to leverage modern profitability metrics, which drive truly informed budgeting and pricing decisions
Our teams work primarily from offices in London, Chicago, and Philadelphia. Our more than 255 customers range in size from small firms with just a handful of users to those with more than 14,000. Prosperoware customers include: Akin Gump, Goodwin Procter, Baker Botts, Hill Dickinson, Berwin Leighton Paisner, DLA Piper, Duane Morris, Hughes Hubbard & Reed, Sheppard Mullin, Comcast, and NBCUniversal.
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