Category: New Product

New product(s) in the Enterprise Legal Management space

New Products in Legal Ebilling

Posted on by in EBMM, Innovation, New Product

At ILTACon 2024, I found some new products available with functionality for different purposes in legal ebilling.

Hercules AI is offering a new product called Verify that is designed to assist with Outside Counsel Compliance. So slick. Very next generation. It knocked my socks off, and I sent 6 people over to look at the product. You can learn more here: https://hercules.ai/verify/.

The week prior to the conference I received a Google Alert mentioning FulcrumGT’s Salvo product. No one on the LEDES Board had heard of it, and it was the one product that I was in search of more information on as I headed to the conference. Salvo is a new entrant in the Ebilling Administration tool market, competing against Elite eBillingHub and Aderant BillBlast. This market has long been in need of additional products, and now one exists. Interestingly, they state, “The solution can provide real-time updates across all vendor sites” which I think is a differentiator. You can learn more here: https://legacysite.fulcrumgt.com/products/salvo/.

FulcrumGT also is offering a collaborative ELM system called RapidX. It is worthy of a look from any law department or insurance organization wanting to implement legal ebilling or to change vendor systems.  The system is similarly available to law firms that would like to better collaborate with non-ebilling clients. You can learn more here: https://fulcrumgt.com/.

Finally, I wanted to mention seeing Oddr’s Invoice to Cash Platform.  I have seen this product at a couple shows now, and still am struck by their creative solution for invoice/collections/payments.  I am not aware of any other product aimed at this particular segment of the “problem” with legal ebilling.  It is not unexpected that they are picking up traction in the marketplace.  To learn more:  https://www.oddr.com/.

New Ebilling Admin Tool Available

Posted on by in LF EB Administration Tool, New Product

I saw in my feed today that there is a new ebilling administration product available called BillSync by ScanLogic. They call it “the first ebilling platform to be launched in 20 years based on new technologies.” The platform is “designed to aggregate all ebilling data across multiple platforms and vendors” and their press release goes on to refer to it as “a solution to aggregating all billing data where others cannot.” I have not yet seen the product and am curious whether their technology really does access the dozens of ebilling platforms in the legal industry that law firms are required to use. If it truly lives up to this promise, then this is indeed a powerful solution.
Readers should investigate for themselves here. 

New Law Firm Ebilling Compliance Tool

Posted on by in LF EB Administration Tool, New Product

A new tool has been released by Smart Time Apps called EBillReady that is designed to perform pre-invoice submission validation.  By increasing the accuracy of first time invoice submissions the tool helps to create a more efficient and less costly workflow.

The cloud-based system allows for creating validation tests based on client outside counsel guidelines and, by importing a LEDES file, will identify issues and provide a means to easily edit the ebill.  To learn more go to their web site.

New Risk Management System at ILTA

Posted on by in ILTACon, New Product

At the ILTA Conference I saw a product worthy of mention.  Called Prevalent,  it is a risk management solution which provides information on the security of systems that may be used by any organization.  They offer a couple of different models:  one, where an organization can be a regular subscriber and receive information on the security or breeches of systems used or under consideration or, two, where an organization undergoing a system selection can obtain information on the few systems under consideration.

As a legal technology consultant, I see value in an offering like this.  Particularly when undertaking a systems selection, an organization is able to receive unbiased information on the security of systems under consideration.  Sure, you can ask questions on the security of a platform in an RFP, but all too often RFP respondents answer the question they want to answer, not necessarily the question asked.  As we move into an age were security is a greater concern than ever before, an offering like Prevalent is well timed for success.

New Legal Ebilling Offering for Law Departments

Posted on by in EBMM, General, New Product

There is a new ebilling offering for law departments called Viewabill is a very new take on the client’s desire to manage better.  The system gives clients the ability to monitor work performed by outside counsel real time.  It allows clients to monitor services provided while work is underway instead of discovering four or more weeks later when a bill is submitted that the work deviated from the agreed to plan.  With this system there should never be any surprises.

I am intrigued by this product for a couple of reasons:  it completely eliminates the need to provide accrual information, and it provides insight into the actual services performed under a flat fee instead of producing a shadow invoice.   These are two of the most cumbersome manual processes in ebilling today and with Viewabill they are not a factor.

More importantly, it represents a new take on ebilling.  I always have been intellectually interested to see how ebilling will evolve.  Will this be a better mouse trap?  I can’t wait to see.

I do feel the need to caution law firms.  Now is the time to get your billing practices in order.  Because Viewabill allows clients to see real time data, time must be entered on a timely (daily) basis, as cleanly as possible and in accordance with the client’s billing guidelines.  You don’t have the luxury of the billing process to massage raw entries under this system.  I suggest you don’t wait until one of your clients requests your firm to use this kind of system before you start to put your timekeeping practices in order.