24
PEER TO PEER: THE QUARTERLY MAGAZINE OF ILTA | FALL 2016
Business Intelligence Applications
In this era of transforming business models in law, firms need more than ever to understand
which are the most profitable clients, cases and practices and to identify and close efficiency
gaps. Business intelligence (BI) applications are game-changing in that they synthesize data
from disparate sources to answer these questions, helping law firms and their clients extract
greater value from resources and make beer decisions. BI extracts information from a sea of
data, presenting key information in dashboards, data visualizations and scorecards, reducing
time and manual spreadsheets.
For example, e-discovery case teams can use a BI portal application that integrates data
from financial and accounting systems with e-discovery project data. Real-time graphical
views of database usage, document review progress and legal spend help counsel and litigation
managers make decisions about review staffing, schedules and billing. Critical cost data also
helps counsel effectively assess proportionality — weighing costs versus benefits of pursuing
versus seling a case.
David Ahrens
FRONTEO USA
www.fronteo.com/usa
What game-changing technologies exist to modernize the business and practice of law?
ASK THE VENDOR
What game-changing technologies exist to
modernize the business and practice of law?
Knowledge Management Applications
Knowledge management applications can modernize
the practice of law, improve client communication
and collaboration, and help with seing expectations.
The 1980s concept of the client-maer portal is finally
becoming a reality. Practices will benefit from easy
and quick lawyer access to client and maer news;
documents; correspondence (especially email); contacts;
maer/project status; calendar and docket dates;
templates; financials, including accounts receivable;
client and maer profitability; sent and in-process
invoices; billing guidelines; time capture and online
review; and more.
Dan Safran
LegalShi
legalshi.com
WANT TO APPEAR IN THE NEX T PEER TO PEER? ANSWER THE FOLLOWING QUESTION:
What skills should technology professionals develop to ensure a successful future in legal? Send your answer (under 150 words) to kristy@iltanet.org
BUSINESS PRACTICE
