Under increased pressure to deliver value, corporate legal and claims departments are becoming more sophisticated in how they build and manage best-in-class legal operations.  Central to these initiatives is the effective management of outside counsel, which includes the identification, selection, assignment, and measurement of law firms and other vendors. The TyMetrix® 360° Panel Management module streamlines the process of assigning outside counsel.  It also provides control and governance to ensure that matters and cases are assigned to the most appropriate law firms and vendors for the work at hand.  The module’s ability to group panel counsel by matter and case assignments, practice area, type of billing arrangement, and rates offers clients the control and visibility that is needed to effectively manage costs, reduce risk, and improve departmental efficiency.

Key features of the TyMetrix 360° Panel Management Module include:                                                            

  • The ability to quickly and easily group panel counsel by configurable criteria for better oversight
  • Automated workflows that streamline counsel assignment and prompt budget submissions by outside counsel for internal review and approval
  • The control and flexibility to set cap or exception rates by timekeeper role for a specified law firm or vendor on a panel
  • The ability to view rates at the time of matter or case assignment to inform counsel selection
  • The flexibility to set up an unlimited number of panels, with no limit on the quantity of law firms or vendors that can be associated to a panel
  • Automatic alerts and notifications that eliminate the need for time-consuming administrative tasks

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