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Umbria Leads the Way with the AMLaw 100, Learn More at LMA’s P3 Conference
Prosperoware, in its Umbria Platform, has developed enterprise technology that supports an evolutionary instead of revolutionary approach for implementing Legal Process/Project Management. Umbria Pricing, Budgeting, Business Intelligence & Analytics 2.0 enables firms to leverage past experience to competitively pitch and price services and set and monitor budgets.
In most law firms, only a small percentage of lawyers effectively manage their matters against a budget while managing write-downs and write-offs. Firms want to implement programs to encourage the evolution of partner and associate behavior to make them facile in delivering services against a budget. The challenge for any organization is to facilitate and manage positive change and minimize risk and productivity loss during the process. When change is extreme, most will struggle. When change is gradual and incremental, benefits are realized, and the likelihood of success increases dramatically.
Prosperoware’s Umbria platform was designed with evolution rather than revolution in mind. Umbria allows lawyers and particularly partners to evolve their work and management processes at their own pace. This is a unique approach in the industry. With Umbria, a firm can move from the traditional world, where the business and practice of law are separate, to a new model that connects them at their own pace.
Across the industry, we have found that law firm partners are starved for easily accessible financial information about clients and matters. In most firms, the partner does not have rapid access to this information; instead they need to call accounting and ask them to run a report. Umbria solves this problem by securely providing up-to-date information regarding the status of their clients and matters through an intuitive, consumer-centric web application or by delivering alerts to their email. The partner dashboard provides Key Performance Indicators and a view into matters with the ability to drill down into any of the metrics to see the underlying time entry detail.
Prosperoware’s Umbria has been licensed and is in various stages of deployment at five AMLaw 100 firms and a county government legal department. At many of these deployments, Umbria Pricing, Budgeting, Business Intelligence & Analytics has been featured at the firms’ partner or management committee retreats. “The response from partners has been overwhelmingly positive. This is the first time, in over 20 years of being in legal technology, where I have seen partners so excited that they are actually accelerating deployment of a product” states Keith Lipman, President of Prosperoware.
Umbria now provides out-of-the-box connectors with all of the leading Practice Management/Time & Billing System: Aderant Expert, Elite Enterprise, & Elite 3E. With these connectors, Umbria can be rapidly deployed in firms.
Keith Lipman will be presenting two sessions at LMA’s P3 Conference which will be held June 9 - 10, 2015 at the Loews Chicago Hotel in Chicago, IL:
Prosperoware is an enterprise software company providing solutions for law firms, corporate legal departments, and professional services firms. Our customers include nearly half of the G20 and Am Law 100 firms as well as large global corporations and Big Four accounting firms. Our innovative software transforms how professionals work and enables firms to deliver more value to clients while protecting profitability. We empower firms to reduce costs, improve profitability, and better compete by:
About Prosperoware
- Simplifying iManage administration and improving user adoption of electronic files
- Enforcing and automating information governance with a focus on security and risk management
- Improving relationships with clients by delivering predictable fees and beneficial insight into the work performed
- Empowering professionals to leverage modern profitability metrics, which drive truly informed budgeting and pricing decisions
Our teams work primarily from offices in London, Chicago, and Philadelphia. Our more than 255 customers range in size from small firms with just a handful of users to those with more than 14,000. Prosperoware customers include: Akin Gump, Goodwin Procter, Baker Botts, Hill Dickinson, Berwin Leighton Paisner, DLA Piper, Duane Morris, Hughes Hubbard & Reed, Sheppard Mullin, Comcast, and NBCUniversal.
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