At the same time, everyone from your CEO to your shareholders wants you to improve efficiency and reduce costs. That’s why it’s so important to be able to quickly get an accurate view of where your department stands, and share that view with others. Ironically, even with all the data your department generates, it’s not always easy to get the clear picture you need. Chances are, your financial data, matters, and documents are in three separate systems. Since you never see it all in one place, it’s hard to make sense of it, quickly generate reports, or, more importantly, use it to guide your matter or departmental decisions.
CT TyMetrix offers solutions to help corporate legal departments reduce costs, make better decisions and improve collaboration with outside counsel.
CT TyMetrix web-based solutions enable corporate legal departments to unify its processes and consolidate data, combining an organization’s legal management data on a single, unified platform.
Features include:
- eBilling
- matter and document management
- budgeting, forecasting
- performance and reporting tools
How corporate legal departments benefit from CT TyMetrix solutions
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Improve outcomes and reduce costs with CT TyMetrix complete law department management solution. |
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Deliver improved results by managing the business of law. |
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Reach new leves of collaboration and partnership with outside counsel. |
Reducing the need to rely on multiple and disparate systems, CT TyMetrix brings data together in one easy-to-use solution that integrates all other existing systems. Since all information is stored on one platform, organizations can quickly segment and analyze data such as; law firm, business unit or matter type.
The CT TyMetrix Advantage
CT TyMetrix solutions enable corporate law departments to capture critical metrics that drive internal and external expense management, better manage internal staff and law firm performance, strengthen engagement decisions, and increase profitability. The data gathered through CT TyMetrix system is channeled through desktop reports enabling these organizations to reduce costs, manage outside counsel and vendor relationships fairly and efficiently, and optimize their claims and law department's work through enhanced strategic planning, law firm transactional data analysis, and enterprise-wide reporting.
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What’s The Right Solution?
CT TyMetrix offers a comprehensive suite of web-based tools that combines all of your department’s data in a single, unified platform. So instead of storing billing and financial data in one system, and matter or documents in another, CT TyMetrix brings it all together in one easy-to-use solution that integrates all other existing systems: eBilling, matter and document management, budgeting and analysis, and performance and financial reporting tools. CT TyMetrix gives you the power to streamline day-to-day operations, manage legal costs, conduct rigorous budget planning and analysis, and analyze your data in more ways than ever before. In short, CT TyMetrix solutions help you quickly answer whatever tough questions come your way, and report the findings to all who need to know.
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Case Studies
CT TyMetrix has many customer stories to help you better understand how our solutions can help you reduce costs, make better decisions and improve collaboration with outside counsel.
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Testimonial
"Toronto Dominion Bank Financial
Group implemented CT TyMetrix electronic invoicing system three years
ago as one part of a convergence program TD Bank had instituted
to consolidate the number of outside law firms used. TD Bank has
successfully used performance and cost data aggregated in the CT TyMetrix
system to drive a three-prong strategy consisting of RFPs, Competitive
Bidding and Case Budgeting. The reports and data aggregated from
law firm invoices have allowed TD Bank to: identify best practices
in law firm engagement, ROI and management engagement strategies.
TD Bank has reduced its outside counsel panel from over 800 firms
to less than 120 (with six doing most of the work). TD Bank is on track to save over 30% per annum on outside counsel expenditures in each of the three years of the initial term of its arrangements with its approved law firms."
The Toronto Dominion Bank
Bob Aziz
Sr. V.P. & Assistant General Counsel |
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