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Case Studies
Creating a Legal Spend Management Paradigm Shift
A leading financial services company was looking for ways to stay profitable and efficient in a down economy. A fully developed spend management program allowed the client to access and analyze all of its amassed data to manage its legal spend more seamlessly and facilitate better talent selection.
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Leading International Financial Group Selects TyMetrix for E-billing and Reporting
The legal department of a leading international financial services group began using TyMetrix 360°'s legal performance management solution to move from paper-based to electronic billing. The company has seen benefits extending well beyond their initial e-billing and reporting needs to data analysis and assistance in implementing best practices.
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LifePoint Hospital Inc. Chooses TyMetrix's Platform Due To Its Advanced Reporting Functionality
Faced with a lengthy, manual, paper-based invoicing process and no clear view of its legal spend, the legal department at LifePoint Hospitals, Inc. implemented TyMetrix 360°. The department was able to pay its law firms much quicker and manage overall legal spend by analyzing its large volumes of invoice data.
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Second Image uses TyMetrix 360° to Build Stronger Customer Relationship
Second Image was approached by a customer requesting they use TyMetrix 360° when sending invoices. Second Image benefited from quicker time-to-payment, which has had a profound impact on Second Image’s cash flow.
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TD Bank Financial Group Leverages TyMetrix to Improve Law Firm Selection Process, Track Law Firm Performance, and Reduce Legal Expenses
TD Bank Financial Group needed a more disciplined approach to outside counsel selection and management. The TyMetrix 360° solution allowed the Group to better track law firm performance metrics, gain more control of the firm selection process, and reduce its legal expenses.
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Convex Implements TyMetrix to Better Manage Legal Services, Increase Collaboration, and Gain More Control of Outside Counsel
A period of rapid expansion created a need for Convex to better manage legal services, increase collaboration, and gain more control of outside counsel. TyMetrix 360° allows the company to track its open matters, monitor matter processes and law firm/attorney assignments, and generate meaningful reports.
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Westfield Insurance Uses Electronic Billing and Law Firm Management to Manage Legal Expenses and Strengthen Collaborative Relationships with Defense Counsel
Westfield Insurance needed to increase efficiencies in managing the receipt and review of invoices, create a matter management platform, and foster a collaborative environment with its firms. TyMetrix tools and processes helped Westfield create qualitative performance standards and enhance its relationship management strategy with its law firms.
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United Technology Corporation Increases Efficiencies Internally and Externally through E-billing and Matter Management
United Technology Corporation wanted to implement e-billing to streamline the invoice review and payment process, create a data warehouse, and establish outside counsel audit capabilities. TyMetrix 360° allowed them to generate cost-savings and diversity reports, identify savings from using preferred firms, and extract data for annual counsel scorecard reviews.
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