Lexis Launches Technology To Create Alternative Fee Arrangements

Lexis Launches Technology To Create Alternative Fee Arrangements

Lexis Matter Experience is a point solution that is part of the Lexis Search Advantage suite. Matter Experiences uses a sophisticated rules algorithm to create context and sequencing analysis against time, billing code and document data. This is a customized solution to help law firms engage in predictive analysis to benchmark litigation costs across matters they handle. Importantly, Matter Experience enables a law firm the ability to compare costs against like-kind matters by jurisdiction, litigation resources deployed, cause of action, etc. As a result, law firms are better able to structure alternative fee arrangements and make smarter resourcing decisions to more effectively compete for business while improving their own profitability.

Contact kevin.stehr@lexisnexis.com for more information.