Andover, MA, Nov. 5, 2012 (GLOBE NEWSWIRE) -- Sky Analytics, a leading provider of web-based legal software, announced the release of its first "Best Practices Guide to Legal Analytics." Designed to offer corporate legal departments real-world strategies to help manage outside counsel and reduce legal spend, this innovative guide is available as a complimentary PDF download at http://www.skyanalytics.com/BPG-legal-analytics-download.
Doug Ventola, President of Sky Analytics, says, "Sky Analytics is committed to providing clients tools that make it easy and efficient for in-house legal departments to utilize the industry's best practices to manage their outside legal expenses. This guide offers very concrete spend management strategies that can quickly impact the corporate bottom line."
Sky Analytics uses proprietary technology to securely analyze billions of data points in legal invoices to identify trends in spending and opportunities for cost savings. As a leader in the emerging market for legal analytics, Sky Analytics' platform helps corporate legal department enjoy increased transparency into their legal spend and the ability to benchmark firms, matters and attorneys against industry averages.
John Wallbillich, founder of the legal development firm Lexvista LLC, said this about the Best Practices Guide: "Sky Analytics has taken a complex subject--managing legal spend--and turned it into a step-by-step series of action items for in-house counsel." John, who authors the legal weblog "Wired GC," also observed that "general counsel hear a lot of talk about controlling costs. With this guide, and the technology they've developed, Sky Analytics is doing something about it."
The Best Practices Guide to Legal Analytics is divided into four sections: Managing Law Firms, Managing Attorneys, Managing Matters and Managing Invoices. The guide covers topics such as:
- How to ensure you are getting competitive rates
- How to better forecast matters costs
- How to find the most efficient law firms for new matters
- How to better understand where your attorneys are spending their time.
This complimentary guide can be downloaded on Sky Analytics website at http://www.skyanalytics.com/BPG-legal-analytics-download
About Sky Analytics
Sky Analytics provides in-house counsel access to exclusive tools that help make more informed decisions regarding corporate legal spend. Sky Analytics delivers a stand-alone legal spend management solution that is quick to implement and works with current invoices or existing e-billing programs. Visit Sky Analytics online: http://www.skyanalytics.com / https://twitter.com/LawSpendClarity.