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AI powers the industry-leading legal spend management solution, delivering unparalleled analytics
Uncovering patterns and anomalies in your litigation costs shows you what works—and what doesn’t. Milliman Datalytics-Defense® second generation e-billing solution uses AI to analyze 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.
Actuaries designed Datalytics-Defense legal spend management solution with a deep understanding of the insurance business. Since we specialize in insurance, you can feel confident in our solution.
Datalytics-Defense legal spend management solution automatically aggregates fee and expense records from all vendors involved in the claims-handling process and extracts critical intelligence from defense counsel invoices using proprietary data-mining algorithms.
Optimize your relationships by benchmarking law firm performance. Compare actual and predicted results using advanced statistical modelling allowing you to implement best practices across your roster of law firms.
Identify strategies and firms that deliver the greatest impact using consistent data. Discover best practices across the organization, improving claim outcomes and legal spend.
Achieve speed and efficiency in managing invoices with insurance expertise built in. Take advantage of intuitive tools for auditing, workflow monitoring, and reviewing claims management reports—all through a simple, web-based interface.
Deliver timely and transparent e-billing information about latent and approved invoices and automate manual work with pre-built, customizable workflows that enable your employees to focus on value-added tasks, improving efficiency.
Build your requirements into the audit process for consistency across the organization and improved identification of billing anomalies.
Extract and present critical information to support improved collaboration and data-driven decision making.
Give employees powerful, intuitive, tools that democratize insight discovery and ensure maximum value from data across your organization.
Reduce administrative overhead with a fully managed software-as-a-service solution—no need for your IT staff to install or manage software.
Unify all types of data including claims, document management, payment reconciliation, timekeeper rates, and insights created by Datalytics-Defense.
Ensure you always have the latest updates and features, with no need to manually patch or upgrade. Datalytics-Defense legal spend management solution always puts the latest data and tools at your fingertips.
Milliman’s Datalytics-Defense® second-generation e-billing solution has been recognized as the 2022 InsuranceERM Awards - Americas “Analytics Solution of the Year.”
As defense and indemnity expenses continue to rise, proven strategies to help insurers improve claim outcomes and control costs are needed.
The growing backlog of medical professional liability lawsuits post-pandemic has significantly increased case duration, which needs to be reflected in actuarial methods and assumptions.
When will litigation activity return to pre-Covid levels and what might that portend for claim settlements?
Second-generation legal e-billing systems have moved beyond the basic auditing function of their earlier counterparts and can now deliver actionable insights into legal spend and the allocation of defense resources.
With relentless annual increases in legal costs for companies, we answer some questions on spend management platforms, clarifying their key distinctions.
Legal e-billing applications typically form the core of current enterprise legal management platforms, which include matter management, workflow management, content management, and reporting and analysis among other tools.
Milliman Datalytics-Defense combines subject matter expertise with data mining algorithms to enable our clients to make better decisions.
The liability insurance industry experienced a widespread delay in litigation stemming from court closures as stay-at-home orders were implemented in March due to the COVID-19 pandemic.
With many states remaining under stay-at-home advisement, liability attorneys have delayed various in-person actions, including depositions.
Milliman, Inc., a premier global consulting and actuarial firm, is pleased to…
Milliman, Inc., the premier global consulting and actuarial firm, today…
Milliman, Inc., the premier global consulting and actuarial firm,
Datalytics-Defense integrates with technology partners to provide a seamless, end-to-end workflow that increases speed and efficiencies for carriers of all sizes.
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.
Analyze a wide range of claims data to identify those likely to incur high costs, helping optimize management and reduce costs.
Analyze unpaid claims liabilities with industry-leading stochastic and deterministic reserving tools and methods.
Ask the tough questions. We’re ready for them.