SOURCE: Legal Decoder, Inc.

Legal Decoder, Inc.

January 27, 2015 08:00 ET

Legal Decoder Launches Legal Spend Authentication Technology

FALLS CHURCH, VA--(Marketwired - Jan 27, 2015) - 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:

  • Understand exactly what each invoice says -- and means
  • Question flagged entries
  • Negotiate better rates
  • Ensure cost-efficient staffing of matters
  • Correct workflow inefficiencies
  • Find cost-saving opportunities, with the help of subject matter experts
  • Predict future fees and expenses with accuracy
  • Inform strategic initiatives, such as in-sources and alternative fee arrangements measurement

To make an appointment to see a demonstration of Legal Decoder's LSA technology, either at LegalTech or on the Web, contact Bryan Armbruster at 703-237-1313 or barmbruster@legaldecoder.com.

Visit www.LegalDecoder.com for more information.

About Legal Decoder, Inc.
Legal Decoder is at the forefront of developing technology and data offerings that help companies and law departments manage their budgets and control the cost of outside counsel. Our mission is to empower clients with tools and actionable data, which help them to make more cost-effective and informed decisions when it comes to engaging and managing outside counsel. We leverage our access to billions of dollars in proprietary legal spend data to create actionable information for our clients, typically reducing their outside spend by 20 percent or more. For more information, please visit www.LegalDecoder.com.

Contact Information

  • Legal Decoder contact:
    Bryan Armbruster
    Director of Business Development
    703-237-1313
    Email Contact