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Description

BigHand Impact Analytics, which was previously named Digitory Legal, aids law firms in identifying the most relevant value metrics while offering a data-driven approach to showcase the advantages of their legal services through its award-winning, AI-powered timecard analysis. This analysis encompasses the firms' billing data, diversity, equity, and inclusion statistics, as well as lawyer resource allocation. By leveraging this solution, firms can pinpoint chances for career-enhancing assignments, bolster DEI efforts, and concentrate on improving time recording practices, which ultimately leads to a more efficient billing and collection system alongside enhanced data insights. The technology employed by Impact Analytics consistently categorizes legal work within a specific code system, ensuring that the resulting data delivers dependable insights for pricing strategies, project management, and DEI reporting. Additionally, it provides a comprehensive understanding of the costs associated with various activities, enabling clients to assess the effectiveness, transparency, and profitability of their legal billing practices and DEI strategies. This innovative approach not only enhances operational efficiency but also fosters a culture of continuous improvement within legal firms.

Description

The legal spend management solution driven by AI leads the industry with its exceptional analytics capabilities. By revealing trends and discrepancies in litigation expenses, it highlights effective strategies and identifies areas needing improvement. The second-generation e-billing platform, Milliman Datalytics-Defense®, leverages AI to assess your firm's performance, facilitating a more efficient invoice review process, flagging questionable charges, cutting costs, and pinpointing best practices applicable across the firm. Crafted by actuaries with extensive expertise in the insurance sector, this solution ensures a deep-seated understanding of industry dynamics. With our specialization in insurance, you can trust the effectiveness of our offering. The Datalytics-Defense solution seamlessly compiles fee and expense data from all vendors involved in the claims process while utilizing proprietary data-mining algorithms to extract essential insights from defense counsel invoices, ultimately enhancing decision-making and efficiency. By integrating advanced analytics with a focus on the insurance industry, our solution positions firms for greater financial success.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Duck Creek Suite

Integrations

Duck Creek Suite

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

BigHand

Founded

1995

Country

United Kingdom

Website

www.bighand.com/en-us/our-solutions/impact-analytics/

Vendor Details

Company Name

Milliman

Country

United States

Website

www.milliman.com/en/products/Datalytics-Defense

Product Features

Product Features

Legal Spend Management

Analytics / Reporting
Budgeting & Forecasting
Financial Controls
Insurance Claims Defense
Invoice Review
Legal e-Billing
Matter Management
Outside Counsel Management
Relationship Management
Strategic Planning
Vendor Management

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Alternatives

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