Breakthrough Aderant Intelligence: Benchmarking Set to Transform Legal Billing With Data-driven Analytics

Rhea-AI Summary

Aderant has launched Aderant Intelligence: Benchmarking, a data analytics solution for law firms, now available for BillBlast eBilling clients. This tool enables firms to track key metrics, compare billing performance against peers, and identify revenue leakage. It aims to provide transparency in billing processes, addressing historical data scarcity in law firm billing. The offering is anticipated to attract significant interest, with an early adopter program currently open for clients in the U.S. and Canada.

Positive

• Launch of Aderant Intelligence: Benchmarking offering enhanced data analytics for law firms.
• Tool allows firms to track, compare, and optimize billing performance.
• High interest anticipated from BillBlast customers, indicating potential revenue growth.

Negative

• None.

Benchmarking Delivers Data Insights for BillBlast eBilling Customers to Maximize Revenue Realization and Optimize Billing Efficiency

ATLANTA--(BUSINESS WIRE)-- Aderant®, a leading global business management software provider, breaks new ground today with the launch of Aderant Intelligence: Benchmarking (“Benchmarking”), a new data analytics solution which provides unprecedented insight into law firm revenue realization and billing efficiency. Now generally available for Aderant BillBlast eBilling clients, Benchmarking allows firms to track and analyze key metrics to gauge their billing performance, providing optimized visibility and transparency.

Benchmarking enables firms to compare their key metrics against others within their practice area as well as the broader legal market. Clients are equipped with an easy-to-use Benchmarking tool which provides a visual representation of billing performance down to the client level and comparative data showing how the firm stacks up against peers; it also flags areas for improvement and occurrences of revenue leakage such as reductions. Benchmarking additionally highlights delays in payment and reveals opportunities for improved adherence to client-provided billing guidelines.

Leveraging the power of actionable data, Benchmarking effectively expands Aderant’s reach beyond the productivity and workflow software applications for which the company is renowned. Benchmarking is the first publicly available offering from the newly minted Aderant Intelligence group.

Benchmarking focuses on measuring how an individual law firm is performing in regard to billing realization when compared to the overall market, and additional data offerings are forthcoming to illuminate more areas of interest for law firms.

“Aderant Intelligence: Benchmarking is a substantial breakthrough that brings unparalleled insight to the law firm billing process,” said Trey Ruello, Director of Data Services at Aderant. “Historically, billing has been a ‘black box’ for law firms, an area marked by scarce data and high anxiety. Benchmarking sheds light on law firm billing, answering questions about billing realization and revenue cycles, informing goal-setting, and maximizing earnings. We have already seen significant interest in this offering among our BillBlast customers and expect the coming months to be extremely busy as we continue onboarding customers.”

“Trey and his Data Services team have done an extraordinary job in crafting the Benchmarking offering for our clients,” commented Raphael Shure, Chief Operating Officer (COO) at Aderant. “Business intelligence, including data analytics, is one of the fastest-growing categories within legal tech. Law firms are recognizing the tremendous value that data and metrics bring to law firms by validating previous assumptions on performance or providing new insights backed by data.”

Aderant is currently conducting an early adopter program for Benchmarking to gather and incorporate additional client feedback. The program is open to BillBlast clients in the U.S. and Canada.

To request a demo of Benchmarking or to join the early adopter group, email info@aderant.com or visit https://www.aderant.com/solutions-aderant-intelligence-benchmarking/.

About Aderant^®
Aderant is a global industry leader which provides comprehensive business management software for law firms and other professional services organizations. The company’s popular technology brands include Aderant Expert/Expert Sierra for practice management, Handshake and Drive for knowledge management, iTimekeep, OCG Live & Thrive for timekeeping and compliance, BillBlast for eBilling, CompuLaw for docketing and calendaring, and Expert Case for legal case management. Aderant operates as a unit of Roper Technologies (NYSE: ROP), a constituent of the S&P 500 ®, Fortune 500 ® and the Russell 1000 ® indices. The company is headquartered in Atlanta, Georgia, and has several other offices across North America, Europe, and Asia-Pacific. For more information, visit Aderant.com, email info@aderant.com, or follow the company on Twitter @Aderant or LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210922005688/en/

Media

Megan Haight​

Director, Channel Marketing, Aderant

megan.haight@aderant.com

Christy Burke, Burke & Company PR

cburke@burke-company.com

212-620-7711

Source: Aderant

FAQ

What is Aderant Intelligence: Benchmarking?

Aderant Intelligence: Benchmarking is a new data analytics solution designed for law firms to improve billing efficiency and revenue realization.

How does Aderant's Benchmarking tool benefit law firms?

The Benchmarking tool allows law firms to track key metrics, compare their performance against peers, and identify areas for billing improvement.

When was the Aderant Benchmarking tool launched?

Aderant launched the Benchmarking tool on September 22, 2021.

Who can participate in the early adopter program for Aderant's Benchmarking?

The early adopter program is open to BillBlast clients in the U.S. and Canada.

What company owns Aderant?

Aderant is a unit of Roper Technologies, which is listed on the NYSE under the symbol ROP.