Legal Tracker Advanced overview
Legal Tracker Advanced helps corporate legal teams make smarter and data-driven decisions about outside counsel, so you can reduce costs and improve legal outcomes.
What's included
Legal Tracker Advanced includes 3 core capability areas, plus 2 AI-powered tools to streamline your workflows.
- Rate Management:Proactively manage outside-counsel rate requests.
- Analyze rate increase history by timekeeper and firm.
- Model the impact of proposed rates on overall fees.
- Set rules to auto-accept, reject, or freeze rates.
noteYou can negotiate directly with firms from within the dashboard. - Matter Pricing and RFP:Predict costs, automate processes, and negotiate more effectively.
- Submit pricing requests to multiple firms.
- Compare bids against market benchmarks.
- Select outside counsel at the correct price for each matter.
- Spend Analytics powered by Westlaw:Enrich your outside counsel decisions with benchmarking data drawn from over $300 billion in legal spend.
- Evaluate firm and attorney performance.
- Review case outcomes.
- Understand the opposing counsel's history.
- Access judge background information.
- PDF-to-LEDES converter:A base license for the AI-powered PDF-to-LEDES converter is included with Legal Tracker Advanced.
- It automatically converts PDF invoices into LEDES format, reducing effort in the invoice intake process.
- Matter intake from Microsoft Outlook:Streamline matter intake directly from your Outlook inbox.
- The AI integration scans messages and extracts key data for the intake form.
- This speeds up the process from request to matter open.
- Industry Insights+: 3 dashboards using Legal Tracker's global benchmark data for instant access to market intelligence on matter costs, task duration, and timekeeper rates.
- Activity Estimatesdashboard: Benchmark legal activity costs and duration by timekeeper role and location, with min/max ranges and cost distribution.
- Timekeeper Ratesdashboard: Compare average hourly rates by experience, firm rank, firm size, and geography.
- Matter Spenddashboard: Analyze legal spend by area of law, phase, firm rank, firm size, and location.
Where to find documentation
Detailed guides, configuration instructions, and walk throughs are available in the Thomson Reuters Community, accessible to current Legal Tracker customers.
To access documentation, sign in to Community.
Get help or learn more
For questions about Legal Tracker Advanced, your subscription details, or upgrades, contact your Customer Success Manager or Account Specialist.