Briefing: How analytics boosts billing performance

Trey Ruello, director of data services at Aderant, explains how data analytics accelerates a law firm’s billing lifecycle, improves realization, and delivers a better client experience

With some of the world’s top law firms now embracing data analytics, its popularity across the broader legal community has skyrocketed. Forward-thinking firms are discovering that by leveraging the data available to them, they can simultaneously satisfy client demand and operate their business with greater efficiency and profitability.

The growth of legal data analysis in recent years has been driven in no small part by corporate clients, who are closely examining and ranking firm billing processes, as well as overall performance. Today’s clients evaluate their legal providers to determine which deliver the most advantageous combination of optimal rates, favorable terms, ease of interaction, and superior results. Business intelligence (BI) tools and other technology solutions are assisting in this endeavor.