Provides a centralized repository to create, track, and manage all legal matters throughout their lifecycle, including details, documents, budgets, and team assignments.
Automates the legal invoice review process by checking line-item submissions against customizable billing rules and firm-specific guidelines.
Offers robust reporting and dashboarding tools to analyze legal spend by matter, firm, practice area, timekeeper, and other dimensions.
Enables legal departments to capture estimated future legal costs (accruals) and compare them to budgets and actuals for improved financial planning.
Provides a secure, branded portal for outside counsel and other legal vendors to submit matters, time entries, invoices, and collaborate with the client.
A large corporation's legal operations team uses TyMetrix 360 to manage relationships with hundreds of outside law firms. They enforce outside counsel guidelines automatically, review and approve invoices efficiently, and generate reports for the CFO on quarterly legal spend. This leads to significant cost savings, improved budget adherence, and reduced administrative time.
A law firm uses the vendor portal to submit matters and invoices directly to their corporate client's TyMetrix 360 system. This ensures their billing complies with client guidelines from the start, reduces payment cycle times, and provides transparency. It strengthens the client relationship by aligning processes and reducing billing disputes.
A growing company's first legal operations hire implements TyMetrix 360 to create a standardized process for matter intake, budgeting, and outside counsel management. The platform provides the structure and automation needed to scale the legal department efficiently, ensuring consistency and control as the company expands.
A publicly traded company's legal and finance departments use TyMetrix 360's accruals module to capture estimated legal liabilities each quarter. This improves the accuracy of financial statements, streamlines the audit process, and allows for more precise forecasting of future legal expenses.
A General Counsel uses the analytics in TyMetrix 360 to evaluate the performance and cost-effectiveness of different law firms and practice areas. Data-driven insights support decisions on panel firm selection, alternative fee arrangements, and resource allocation, transforming legal spend from a cost center into a managed investment.
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