Controlling spending on external lawyers is a top priority for corporate legal departments, followed by the use of technology to simplify workflows and manual processes, according to the latest Thomson Reuters Legal Department Operations Index. Thomson Reuters Legal Tracker Advanced brings AI analytics and contextual leveraging of industry knowledge to Legal Tracker`s already robust data, reports and visualizations to enable legal departments to further strengthen expense management and operations. Find out first-hand how Legal Tracker can help you reduce your department`s legal costs and improve collaboration with outside lawyers Thomson Reuters is a leading provider of business intelligence services. Our products include highly specialized information-driven software and tools for legal, tax, accounting and compliance professionals, combined with the world`s most global intelligence service – Reuters. For more information on Thomson Reuters, see tr.com and the latest global news reuters.com. We are the first provider of legal case management and e-invoicing services to be SOC 2 Type II and SOC 3 certified. The most widely used online workspace for managing legal projects How to better manage your legal department? With Legal Tracker, Thomson Reuters Legal Tracker (formerly Serengeti Tracker) is a leading global case management, e-invoicing and analytics system for businesses and law firms. Designed to give corporate legal departments a clear view of their entire legal landscape, Tracker helps track time and money, projects and productivity, internal activities, and external expenses. With Legal Tracker Advanced, users use robust, anonymized benchmarking data to compare external consultant spend across 1,600 legal departments to better assess law firms and expense categories.

In addition, dashboard analysis streamlines the rate management process through automation and advanced logical settings. The result was developed in partnership with The Counsel Management Group and produces their patented pricing tools and proven consulting methodologies, and the result is a data-driven roadmap for negotiating better prices, fee terms and budgets with outside attorneys. To adapt to the needs of 2020, corporate legal departments are taking on the role of guardian while continuing to focus on functional effectiveness and efficiency. Legal Tracker is the first and only provider of legal case management and e-invoicing services to be SOC 2 Type II and SOC 3 audited. This review is an independent endorsement of the quality and effectiveness of our general legal practices relating to the protection of our clients` data. Legal Tracker Advanced leverages cutting-edge AI analytics as well as bespoke expertise from patented, advisor-driven pricing tools to enable your legal department to lead with data-driven insights. Forecast future spending using real-time stress tests to identify opportunities for significant savings. Compare business prices with the most comprehensive database of pricing and analytics data from our network of over 66,000 law firms. Provide world-class legal services backed by enterprise-class security and strengthen your collaboration. Find out how you can impact the bottom line and help your legal department work more efficiently by improving legal operations. Give your legal departments full control over external consultants` spending with intuitive, data-driven dashboards. Deliver stability in the ever-changing risk and compliance landscape with unified records management and e-invoicing.

Conduct strategic discussions with actionable AI-powered insights to achieve approximately 5-15% year-over-year savings*. * Total aggregate savings over the life of the product using all Legal Tracker features. More than 1,450 corporate legal departments have chosen Legal Tracker for their case management, case tracking, e-invoicing and analytics. From Fortune 500 companies to solo general counsel, our turnkey legal software solution can be fully scaled to streamline operations, control expenses, and gain complete visibility across your legal landscape. Eliminate silos with instantly searchable legal information in one place. Compare your legal fees and risk data with similar legal services Get a dedicated account manager and 24/5 support from our support staff and legal experts, except holidays. The launch of Legal Tracker Advanced benefits from Thomson Reuters` continued investment in legal technology and innovation, including the recent acquisition of ThoughtTrace, a document understanding and contract analysis platform that provides additional technology and expertise in AI and analytics capabilities. “The Office of the General Counsel, like many professional services departments, faces the challenge of achieving much more with much less while struggling to attract and retain the next generation of talent who want more dedicated and less administrative tasks,” Sunil Pandita, president of Thomson Reuters` Corporate segment, told Reuters. “Leveraging the power of our partners and Thomson Reuters` industry-leading content-driven technology, Legal Tracker Advanced is now an even more powerful way for legal departments to enable their teams to control costs and increase efficiency through data-driven insights and recommendations on external advisory spend data. freeing up the department to focus on impact.

Focus on the work that is essential to the business. “Legal Tracker is the leading expense management tool in the market, according to the Corporate Legal Operations Consortium,” Kriti Sharma, Product Manager for LegalTech at Thomson Reuters. “With these enhancements, we are giving lawyers the tools and knowledge they need to work smarter, faster, and have confidence that their data is safe and accurate. Legal Tracker is a cornerstone of Thomson Reuters` LegalTech vision to create an open, connected and intelligent platform to support lawyers and their teams. By leveraging AI, machine learning, a universal language for tissue mapping, and cutting-edge partners, we`ve created something very special. For today`s legal departments, it`s not enough to reduce legal costs and manage efficient legal workflows. To truly build a high-performing legal department and deliver superior value, legal departments need to look for technology solutions that help automate manual tasks and gain visibility into all aspects of a case, from initial registration to final invoice. Legal Tracker gives you comprehensive problem management, effortless electronic legal invoices, customized analytics, and full integration with your existing software and systems. All of this is taken care of by our professional services team, 24/5 live support, and online help page. Legal Tracker integrates with the software your legal department already relies on, making implementation seamless. With an implementation success rate of 99.5% in more than 200 countries, learn how Legal Tracker can transform your legal department.