Through cutting-edge technology and carefully planned processes, Deloitte can help leverage and further the use of UTMBS codes to provide invaluable insights on legal analytics billing for legal departments and law firms. Deloitte professionals have decades of experience assisting those in the legal sphere with analyzing their legal spend information to improve strategic decision-making and predict and manage costs.
The services we offer include:
Evaluate current systems and data: We can advise legal professionals with evaluating the current state of their data availability and reporting in their legal invoice management system, including any variations. This provides insights into where the organization is now, and where it wants to be.
Analyze information and frameworks: Our professionals can review existing invoices and inventory electronic invoicing capabilities, then help develop a framework for standard reports and analyses of activity-based legal spend. We work with clients to develop reports and analyses as well as establish baselines for predictive coding of activities. While invoice data may vary, we can help process it in a consistent, standardized manner.
Identify next steps: After evaluation and analysis, we can also help identify next steps, including determining where deeper analysis may be valuable, developing custom reports and creating recommendations to manage data going forward.
Expand applications beyond legal: As many organizations grapple with exploding amounts of data, we can apply this type of analysis to other business purposes, such as health care claims information.