Legal Operations Software

Transform how legal teams run their department

Designed for in-house legal operations – streamline spend, systems, processes, vendor management, performance metrics and reporting with the world’s leading legal technology solution.

Matter pricing and legal RFP (Legal Tracker Advanced)

  • Data-driven cost control: Leverage the top corporate legal spend library (captures US$230B spend) to compare matter, firm and rate against industry, historical, and activity data, reducing and stabilising outside counsel costs.
  • Informed negotiations: Negotiate using data-driven insights to secure the best price for legal matters.
  • Enhanced firm selection: Improve outside counsel performance with a targeted, competitive, and objective firm selection process during request for proposal of legal services.

Advanced analytics dashboard

  • In-depth legal financial review: Gain insights into matter status, spend and firm performance, with comparative data against other corporate legal departments for better financial management.
  • Tailored collaboration: Create customisable dashboards for shared or company-wide access, enhancing cross-departmental collaboration and visibility.
  • Dynamic visualisations: Next-gen dashboards offer customisable visuals that turn complex data into clear graphics offering quick insights and easy interpretations.


 

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Achieve unmatched efficiency and control in managing legal work and spend. Start optimising your legal operations program today.


 

System integrations

  • Seamless integration: Connect into essential applications your legal team uses daily, whether off-the-shelf or through custom integrations with proprietary systems.
  • Accounts Payable (AP) Data Exchange API: Manage invoices and payments effortlessly by uploading approved legal invoices to your AP systems in bulk or individually. Keep invoice payment statuses and details synchronised between your ERP system and Legal Tracker through a simple legal data API integration.

Global localisation

  • Language packs: Break down barriers with translated Legal tracker interface, delivering a fully localised experience.
  • Flexible currency and formatting: 160 currencies with customisable formats and exchange rates – use your own or Legal Tracker’s built-in rates – for a tailored financial management experience.
  • Secure data residency: Choose from data storage options in Australia, U.K., Germany, U.S. or Canada, ensuring your global team operates with confidence and data security.

Frequently asked questions

What are some best practices for implementing process improvements in legal operations?

To successfully implement process improvements in legal operations, start by identifying areas of inefficiency through data analysis and stakeholder feedback. Develop clear goals and metrics for improvement, and leverage technology to automate and standardise processes where possible.
What are the key metrics that legal operations should track?

Legal operations should track metrics such as legal spend by matter type, cost savings from alternative fee arrangements (AFAs), outside counsel performance and responsiveness, as well as compliance with internal billing guidelines. These metrics provide valuable insights into the department’s efficiency, financial health and overall performance.
How does vendor management fit into legal operations?

Legal vendor management is a crucial aspect of legal operations that involves selecting, evaluating, and overseeing outside counsel and other legal service providers. Effective vendor management ensures that legal services are delivered at the best value, align with the organisation’s goals, and comply with agree-upon billing guidelines. The automation of legal RFPs ensures consistency, accelerates vendor selection, and enables objective evaluation of vendor responses based on predefined criteria. Engaging key stakeholders in the planning and execution stages is crucial to aligning tools and processes with the organisation’s long-term goals. Additionally, implementing continuous monitoring, reporting and regular reviews will help maintain and refine these processes over time.
How can outside counsel collaborate with us using Legal Tracker?

While Legal Tracker is designed primarily for corporate legal teams, it has seen significant adoption by law firms, creating a seamless and connected community within the platform. With a global directory of over 120,000 legal vendors, law firms can efficiently collaborate with their corporate clients on Legal Tracker. This widespread adoption ensures a streamlined workflow and fosters stronger partnerships, allowing both corporate legal teams and their external counsel to work together more effectively within a unified, trusted system. Through Legal Tracker, outside counsel can submit invoices, and communicate with your team, ensuring better coordination, transparency, and efficiency in managing legal matters.
What is the difference between Legal Tracker and Legal Tracker Advanced?

Legal Tracker is Thomson Reuters’ core legal e-billing and spend management solution. It is designed to help you streamline and manage your legal operations efficiently. For users with more complex needs, we offer Legal Tracker Advanced, an optional module that adds enhanced features such as customised reporting and analytics as well as additional workflow automation. Depending on the size of your legal department and the complexity of your legal spend management needs, you can choose Legal Tracker for standard management or opt for Legal Tracker Advanced for a more comprehensive solution. Feel free to contact us for a consultation to determine which option best suits your requirements.