More On

If you want good results, you need high quality ingredients

Why is it so important to source your benchmarking intelligence from invoice data?

Corporate law departments around the world are wisely looking to data analytics to help ground their decision-making to verifiable, practical intelligence. Internal historical data is a great place to start, but it is also important to contextualize that information against reliable, up-to-date market data. This is what puts your own experience into perspective and gives you a 360-degree view of your business environment. Benchmarking intelligence yields greater insight that leads to better decisions, increased value and improved results.

In-house counsel have more industry data sources available today than ever before. With so many options, how do you decide which tools will work best for you? How can you know which will provide the precise statistics that you will need to make well-informed decisions? The answer lies in the source of the data that supports the tool.

Contributing Author

author image

David Moran

David Moran, Director of Data Management for Legal Analytics at TyMetrix, is responsible for leveraging state-of-the-art technology to cut through the complexities of managing big...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.