Corporate legal and insurance claims departments use the data and insights from LegalVIEW to enhance visibility into legal spend and matter costs, better evaluate the value of outside counsel, benchmark performance, improve decision making when sourcing legal services, and more effectively negotiate rates.
Law firms use LegalVIEW benchmarking and insights to optimize matter staffing allocations, create more accurate budgets, build more competitive and profitable fee arrangements, and understand rate trends.
LegalVIEW Data Contributor Program
The LegalVIEW Data Contributor Program is designed for corporate legal and insurance claims departments, as well as law firms, that wish to contribute anonymous billing and matter data to LegalVIEW. The data in LegalVIEW data is sourced from corporations’ legal spend and matter management systems, law firms’ e-billing and time management solutions, as well as third-party sources. Companies do not have to be users of ELM Solutions software in order to participate. There is no cost to contribute data and, in return, data contributors receive special access to and discounts on LegalVIEW analytics products and services, including a complimentary copy of the 2014 Real Rate Report.
To date, LegalVIEW Data Contributor Program participants have anonymously contributed over $64 billion dollars of invoice data. All of the data is, and remains anonymous. Prior to loading data, all timekeeper, matter, law firm, and company names are scrubbed to ensure anonymity. This process has been reviewed and certified by a third-party industry expert to validate that no sensitive information can be tied back to its original source.
Over $64B in anonymous data from actual billed legal invoices, not surveys
The data in LegalVIEW grows daily and is sourced from corporations’ and law firms’ e-billing and time management solutions, as well as third-party sources
22K+ law firms and vendors
425K+ individual billers and timekeepers
120M+ line items
Improve business performance and profitability with Big Data and legal analytics.
The rich data in LegalVIEW® provides clients with the insight needed to better inform decisions on sourcing, evaluating, and measuring the value of legal services
LegalVIEW-powered industry benchmarks deliver visibility into matter-based fees, durations, staffing allocations, and hourly rates, which enables clients to improve the certainty and the predictability of legal spend across entire matter and case portfolios
The granular data and segmentation available in LegalVIEW provides detailed insights to inform counsel management strategies, staffing allocations, and resource requirements
Custom Analytics Services offer expert consulting on analytics strategies and enable clients to leverage the power of LegalVIEW data to help solve client-specific business challenges and achieve strategic objectives
Benchmark internal and external performance to enable strategic decision making.
LegalVIEW Dashboards provide at-a-glance views of KPIs (Key Performance Indicators) related to legal spend and operations management and enable clients to easily track and analyze performance against business goals and objectives
LegalVIEW industry benchmarks related to matter cost, duration, and staffing allocations deliver clients the insight needed to create more accurate budgets and improve predictability of legal spend
LegalVIEW peer-based profiles compare outside counsel firm performance to industry-specific benchmarks to improve counsel and panel selection decisions
LegalVIEW MatterAnalyzer empowers legal professionals with benchmarking intelligence on matter-based fees, durations, staffing allocations, and hourly rates so that corporate legal and claims departments, as well as law firms can more effectively negotiate rates, develop staffing strategies and budgets, and optimize resources
The Real Rate Report®, the legal industry’s leading benchmark report for rates, trends, and practices, delivers powerful information and insights for corporate legal and claims departments, as well as law firms to price, plan, and manage legal services with confidence
Rely on our unparalleled legal analytics data quality and expertise.
The size, depth, and breadth of LegalVIEW data allows for the deepest and most granular data segmentation possible–including exceptional detail and accuracy at matter phase and task level (UTBMS) codes, which enables statistically valid insights relative to a client’s peers
LegalVIEW data is normalized, anonymized, and certified by a third party as de-identified, which ensures the highest data quality, confidentiality, and privacy for our clients
Experienced on-staff data scientists focus on highly-evolved data management methodologies and statistically valid practices to ensure data quality and accuracy