Legal Decoder, Inc. today announced the launch of version 2.0 of its legal billing analytics tool, featuring its flagship Legal Spend Authentication™ technology. Experts from Legal Decoder will be available February 3 – 5 at LegalTech® New York to demonstrate how the product’s technology and data offerings can help in-house legal departments intelligently analyze invoice data to help inform future strategic initiatives.
Legal Decoder’s proprietary LSA technology has built-in domain expertise, which bridges the information gap that exists between clients and law firms by delivering actionable information to clients.
“I’ve witnessed firsthand the costly effect of information asymmetry between in-house and outside counsel,” said Joseph Tiano, CEO of Legal Decoder and a former partner at Pillsbury Winthrop Shaw Pittman, LLP. “In-house counsel do not have sufficient time, actionable data or intelligent analytics tools to optimally manage outside counsel, better inform strategic initiatives and accurately predict and control legal spend.”
LSA technology goes a step beyond simply enforcing a client’s billing guidelines by automatically measuring each invoice line item against supplemental rules and industry standards built on vast amounts of analyzed legal spend information. Inefficiencies and problematic charges are detected and transformed into clear, immediately actionable information. Not simply a software solution, Legal Decoder boasts subject matter experts who are available to help law departments fully capitalize on the information presented.
Legal Decoder clients optimize value by leveraging actionable information to:
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