Measuring Success

Measuring Success2018-10-12T14:44:28+00:00

Measuring the Success of Enterprise Legal Management Software

TeamConnect enterprise legal management provides across-the-board efficiency, savings, and ROI.

Schedule a Demo
When measuring legal management success, organizations usually only see legal outcomes. But what’s really surprising? How many ways TeamConnect can drive value, ROI, process improvement and informed decision making for your entire enterprise.

Is enterprise legal management worth it?

TeamConnect’s visibility, proof and demonstrable best practices lets you drive meaningful, long term value from Legal. Here’s one example of the value created from just the e-billing component alone.
5-10X
The ROI range over 3 years
< 1 Year
The time it takes for e-billing to pay for itself
$3.1 Million
Annual efficiency and cost savings in year one

Want ROI? Run your own numbers

Benefit Type

Improvement (%)

Baseline

Benefit ($K)

Outside Legal Spend

6% Reduction in Legal Spend

$ Million in outside spend

$2,592,000

Operational Efficiencies

6% Improvement in productivity

attorneys * fully burdened cost

$810,000

paralegal & admin * fully burdened cost

$225,000

Your total annual savings:

$3,627,000

TAP delivers benefits across the board

When you measure workflow automation success, here’s how TAP makes an impact:

Operational Efficiency

TeamConnect users realize significant staff time savings and efficiency gains. One user reduced the effort to open and assign new matters and budgets by 75% and saved 30 minutes per invoice through electronic review and invoice approvals.

Legal Spend Savings

With TeamConnect, Legal enjoys an immediate reduction in outside counsel spend and drives 5-10% legal spend savings annually. They also realize a 17% reduction in the average cost of an incident or claim and a reduction in duplicate payments due to manual oversight.

Risk Mitigation

Reducing the number and cost of regulatory noncompliance incidents can sure shore up your company’s reputation. TeamConnect empowers companies to avoid litigation and reduce fraudulent claim payouts by 10% through ensuring and standardizing Legal best practices.

Single Source for Legal

Integrating seamlessly with the systems your end users use most is essential for driving technology adoption. This integration simplifies daily tasks and ensures all users input data and information into a single source, providing visibility across the team.

Outside Counsel and Outcomes

By combining costs with outcomes, TeamConnect clients are able to determine the true value of outside counsel relationships and optimize their firm selection. Recognizing your highest performing firms drives positive results for your entire enterprise.

Governance and Control

Heightened visibility into processes helps leadership make informed decisions and drive toward Key Performance Indicators that define long term value. TeamConnect helps ensure that Legal drives value for the entire company, not just the department.

What are you waiting for?

Explore the platform that powers 30% of the Fortune 500.

This website uses cookies and third party services. Ok