- – Better data for the Fortune 100
- – Faster pay for law firms
- – New investment for finance institutions
- – We’re serving 2 markets with one engine.
This is a story about Big Law Firms and the Fortune 100.
Big law firms love working for the Fortune 100,
but their slow pay policies cause law firm cash flow headaches.
American corporations spend over $300 billion a year on outside legal expenses. And the average Fortune 100 legal spend is $185 million.
Without matter budgets, managing that spend is like overseeing construction without a blueprint, herding cats, or forecasting with a crystal ball.
The answer is LegalMaps. The only look ahead, visual, cloud based, collaborative, real time matter management solution, for business and law firms.
First, the $8 billion market for matter management solutions, which remains “untapped,” according to Gartner.
And second, the legal invoice aggregation market we’re creating, where our proprietary processes and algorithms reduce lender risk, resulting in better, cheaper, and faster legal invoice payments, with a $289 billion total accessible market in the USA alone.
We’ve developed traction through successful pilots involving 11 law firms, handling 59 lawsuits, with over $29 million in detailed budgets, and over $10 million worth of line item invoices.