Milliman Datalytics-Defense Legal Spend Management

Datalytics-Defense is a legal spend management platform that analyzes your firm’s performance, helping you streamline invoice review, flag questionable line items, reduce costs, and discover best practices that can be applied firm-wide. With Datalytics-Defense tracking and analytics, your team and other departments can analyze law firm performance to optimize relationships. Compare actual and predicted results using advanced statistical modelling.

Datalytics-Defense is for companies whose litigation expenses continue to rise and want to reduce the spend through comprehensive analytics.

Datalytics-Defense delivers detailed defense analytics through legal e-billing LEDES files. This is possible with our advanced and proprietary data mining algorithms which produce consistent and insightful data compared to the inconsistent data produced by UTBMS codes.

Yes, if our clients choose our legal e-billing application. However, if clients would rather send their LEDES files from their own exiting e-billing tool into Datalytics-Defense, we can run that data through our algorithms to provide the analytics.

Legal e-billing is the process of digitizing and automating the review and approval of legal invoices from legal departments.

Legal spend management allows you to manage and control legal spend. Management of outside counsel spend involves having visibility of spend, identifying and actioning cost-reduction opportunities, and budgeting future spend.

Artificial Intelligence (AI) refers to the ability of a computer-controlled system to perform tasks associated with human intelligence and precision. AI is the ability to reason, discover meaning, generalize or learn from past experience, or predictive qualities.

Data mining examines large databases to generate new information. It turns raw, unstructured data into useful information by looking for patterns and anomalies.

Simple—the accuracy of our analytics is the difference. Other developers did not consider defense analytics when designing their legal e-billing solutions, and the accuracy of the data using the UTBMS codes has proven to be unreliable.

Yes, even if you already have an existing e-billing solution that you are happy with, you will still need the analytics portion of our platform. We may be able to run your current LEDES file though our algorithms to produce the analytics. However, we still would recommend the full version of the tool, which includes e-billing and analytics.

Our advanced analytics platform unlocks hidden intelligence from defense-cost invoices, allowing development of cost-effective claims defense strategies.

We rely on intelligence extracted from the attorney invoices through proprietary data-mining algorithms. This uniquely consistent and comprehensive data is then coupled with our subject matter expertise to deliver actionable insights to better control ALAE costs. Other legal spend management solutions rely on UTBMS (Uniform Task Based Management System) codes to classify legal services performed by a legal vendor in an electronic invoice submission, which were developed in the mid-90’s.

Datalytics-Defense is a fully managed software-as-a-service (SaaS) solution—no need for your IT staff to install or manage software.

When you choose Datalytics-Defense, you are also getting our Milliman actuaries and data scientists who consult with clients to look for ways to reduce costs and deliver better outcomes. We believe that it is our job to help with both, so our clients continue to renew with us each year. To date, we are happy to report we have 100% renewal rate with our clients.

We integrate with core claims systems and accounting systems to deliver a fully automated system. In addition, we have partnered with Duck Creek as part of their partner programs.

Call Trever Mertz at 262-796-3347 or email him at [email protected] to schedule a demo of our e-billing and legal spend management solution, Datalytics-Defense.