Spend Management and E-Billing

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Corporate legal professionals can now scale management of the entire outside counsel experience from start to finish

Houston, TX — TBD — Wolters Kluwer ELM Solutions today announced the launch of LegalCollaborator, a breakthrough legal engagement and competitive bidding software that marks the next evolution in the company’s innovative approach to Total Legal Spend Management. The solution integrates seamlessly with…
Continue Reading Press Release: Wolters Kluwer’s new LegalCollaborator solution transforms engagement between corporations and their law firms

We bring you the latest big legal tech announcements from the past few days. Fulcrum has been recognised within the top 10 of the business services category of the Fast […]
The post Legaltech latest: Fulcrum makes Fast Company top 10 list, Litera unveils Foundation Dragon, Aderant partners with Vanderbilt, Disco appoints new CEO appeared first on Legal IT Insider
Continue Reading Legaltech latest: Fulcrum makes Fast Company top 10 list, Litera unveils Foundation Dragon, Aderant partners with Vanderbilt, Disco appoints new CEO

We spoke to Dino Eliopulos, Fulcrum GT’s vice president of innovation and solutions, about how Fulcrum’s new marketplace-style network will modernise and automate source-to-pay.  Fulcrum GT in August unveiled its …
Product Insights: Fulcrum GT launches legal spend management marketplace RAPIDx  Read More »
The post Product Insights: Fulcrum GT launches legal spend management marketplace RAPIDx  appeared first on Legal …
Continue Reading Product Insights: Fulcrum GT launches legal spend management marketplace RAPIDx 

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Our guest this week is ⁠Kristina Satkunas⁠, Director of Analytic Consulting at LexisNexis. Kristina discusses the recently released LexisNexis CounselLink Enterprise Legal Management Trends Report for 2023. This annual report provides insights and benchmarks on key metrics related to corporate legal spending and outside counsel relationships.
The 2023 report found that law firm hourly rates increased 4.5% over the…
Continue Reading The Rising Cost of Legal Services: Insights from 10 Years of Data from CounselLink’s Kristina Satkunas

Today LexisNexis® CounselLink  released its 2022 Annual Trends Report. The unstable economy and a tighter legal market have not caused law firms to pull back on  billing rates. To the contrary law firm partner billing rates rose faster last year than they have in a decade.

The average partner rate increased by 4.5% (compared to 3.4% in 2021 and 3.5% in…
Continue Reading LexisNexis CounselLink Report: Law Firm Partner Rates up 4.5% in 2022

Aderant today (8 February) announces a strategic partnership with London-based legal spend analytics and matter management provider, Apperio. The two companies plan to deliver a solution that law firms can leverage to …
Aderant enters strategic partnership with UK legal spend analytics provider Apperio Read More »
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LexisNexis UK has released a new report that looks at why almost half of all external legal spend is now taking place through alternative fee arrangements such as flat or …
Report: Calling time on the billable hour in the UK Read More »
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UK-headquartered legal spend analytics and matter tracking software vendor Apperio announced today (10 January) that it has raised a $7 million growth round of venture capital funding. The company will …
Apperio raises $7m to accelerate product development and US expansion Read More »
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Continue Reading Apperio raises $7m to accelerate product development and US expansion

David Eldridge, Apperio’s non-executive chairman, said the company “will use the funding to further develop its product for corporate counsel and meet the growing demand for new functionality from law firms. Apperio will also accelerate its expansion to the U.S. market.”
Continue Reading UK's Apperio Raises $7 Million, Eyeing Broader Functionality and US Expansion

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The London-based company Apperio, which provides legal spend analytics and matter tracking software, said today it has raised a $7 million growth round of venture capital funding. It will use the funding to further develop its product for corporate counsel, meet growing demand from law firms for new functionality, and accelerate its expansion to the U.S. market.
The announcement…
Continue Reading Eyeing U.S. Expansion, Legal Spend Management Company Apperio Raises $7M Growth Round