VENDOR VOICE Justly's Plan to Improve Legal Services Pricing

摘要

The company's new Legal Experience product helps law firms merge court and internal information to obtain a big-picture view. During the four years that Laurent Wiesel worked as a law firm litigation partner, potential clients repeatedly requested he propose budgets and task-based, nonhourly fee arrangements to win their business. Without any available tools-or well-organized firm data at hand-to use to help estimate the time involved in matters, Wiesel found the process involved too much guesswork and was too often unprofitable. He had noticed, however, that a number of other industries had begun using analytics to inform the way they worked. Convinced big data could be a game changer for the legal sector, Wiesel, who'd by then been a lawyer for 15 years, left his practice behind and launched Justly in 2015.