Happy Holidays 2018
Author: Jane A. Bennitt
Law Firm Billing – New Features
There is a new trend in law firm billing: functionality to check compliance with a client’s outside counsel guidelines.
As law firm ebilling professionals can attest, it is virtually impossible to remember all of a client’s billing requirements, especially when law departments that don’t require ebilling also issue billing guidelines.
This new feature allows firms to capture quantifiable client requirements so that the system can validate line items at the point of entry for compliance. The idea is to mimic the functionality provided in law department ebilling systems that test time entries so that law firms are more likely to submit a compliant invoice on their first submission.
While the structure and composition of a time or expense entry is the focus of many rules, others look at the invoice structure and other aspects (like rates and budgets) which are not available to the law firm at the point of time entry.
Nonetheless, this is a great new feature that law firms should look for when shopping for tools.
Seasons Greetings 2017
GLE Founder to Speak at ILTACon 2016
Global Legal Ebilling founder Jane A. Bennitt will be at the ILTA Educational Conference at the end of August and will chair two session on Thursday September 1st: the LEDES Oversight Committee Members Meeting, which will be held from 9:00 a.m. – 10:00 a.m., and Why UTBMS Codes Aren’t a Waste of Time: A Panel Discussion, which will be held from 11:00 a.m. – 12:00 p.m. We look forward to seeing you at ILTACon!
M&A UTBMS Codes Open for Public Comment
The LEDES Oversight Committee has released draft UTBMS codes for Mergers & Transactions. You can view the codes and provide feedback through this page until January 8, 2016.
Mitratech Acquired by TA Associates
We’ve done so much reporting of late on Mitratech acquisitions. In an unusual turn of events, we can report that (this time!) Mitratech has been acquired by TA Associates from Vista Equity Partners.
You have to wonder how the staff at Mitratech are keeping up with it all!
Seriously though, with their portfolio of excellent ELM solutions — TeamConnect, Collaborati, eCounsel, LawManager, CaseTrack, LawTrac, Secretariat and GettingContractsDone — Mitratech is a formidable force in the space. We believe this acquisition means good things for the future of MItratech and congratulate TA on their new acquisition.
Governance Risk & Compliance UTBMS Codes Ratified
The LEDES Board has ratified the GRC UTBMS Code set developed more than a year ago. The new codes are available here on UTBMS.com.
Mitratech (Also) Acquires CaseTrack
CaseTrack, by Economic Analysis Group, has been acquired by Mitratech.
This acquisition, the latest in a dizzying 2015 acquisition schedule by Mitratech, brings yet another ELM product within the Mitratech ELM system portfolio.
Back on the Board!
I am happy to announce that I have been reelected to the LEDES Oversight Committee Board of Directors and will be filling the position of Vice President.
Major Award for GettingContractsDone
GettingContractsDone (“GCD”) has been named a PC Magazine Editor’s Choice solution for 2015. Legal solutions seldom receive this kind of attention from the tech mags, so this is a huge deal.
GCD is among the Bridgeway portfolio suite of products acquired earlier this summer by Mitratech.
My congratulations on this important award go out to Cathi Collins, the current LEDES Oversight Committee President, who was the driving force behind the conception and development of the product, and who has been primarily responsible for its sales and support.