Prosperoware, a leading enterprise software company delivering innovative technology transforming legal and professional services, today announces the release of Umbria 3.1, the industry’s first Client Value Management solution.
Umbria 3.1 unifies newly interdependent business processes and behaviors clients expect their firms to master in an agile manner. Prosperoware will demonstrate Umbria 3.1 at booth #201/203 during ILTACON at the Mandalay Bay in Las Vegas, Aug. 13-17.
Today, client value is defined as delivering quality matters at the expected price. Previously, value was established through quality work delivered, with little emphasis placed on cost or agility. The insertion of client expectations and budget disciplines into the meaning of client value has upended the law firm business model and fundamentally challenged legacy siloed processes.
The impact on firms is lower margins. Firms, therefore, have a mandate to tightly integrate business processes and put in place enterprise controls to assure matters are priced and delivered within the firm’s expectation for profit. This means firms must sell, deliver, leverage the results, and measure performance as an agile continuum of interlinked processes.
The first and second generations of solutions were targeted at each siloed department to build or purchase technology to empower its own processes and/or at integration to break down the silos. Time showed these led to impediments to leveraging information and inefficiencies in overall operations.
As the market has matured, it is clear firms can achieve far greater benefit from the next generation of products and the synergy of a single, enterprise class solution to integrate the core business processes of sell, deliver, leverage and measure.
This is Umbria 3.1, the industry’s only Client Value Management solution which unifies newly interdependent business processes and behaviors clients expect their firms to master in an agile manner. As a next generation product, Umbria 3.1 creates a single source of truth via these modules:
Keith Lipman, CEO of Prosperoware, comments: “In the new market for legal services, it’s no longer tenable to separate the key business functions of the firm from the practice of law. Gone are the days of front of the house and back of the house distinctions. Client Value Management is the future of legal services—and so, we are delighted to deliver Umbria 3.1 as a solution as much as we are thrilled to see our clients succeeding. We are looking forward to a great ILTACON.”
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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