Philadelphia, PA – Aug 1, 2016 – Prosperoware, a leading enterprise software company delivering innovative technology that transforms the business and practice of legal and professional services, today announces it has been nominated in two categories for the International Legal Technology Association (ILTA) 7th Annual Distinguished Peer Awards program. Company president and co-founder, Keith Lipman, has been selected for the Vendor Thought Leader of the Year short list; peer recognition has also gone to Prosperoware company-wide, short-listed for the 2016 Innovative Solution Provider of the Year. The company’s unique Umbria platform was highlighted as a core achievement in each nomination.
Industry reports confirm that the world for legal services has changed—so, too, must its business model. Clients want transparency, predictability, and to purchase the appropriate level of legal services at the expected price; firms want good client relationships–and sustainable profitability. This is why Prosperoware created Umbria.
Toby Brown, industry leader in pricing and practice management, said, “While the word ‘innovation’ is used often, few products or initiatives truly deserve to be categorized as such. Prosperoware’s Umbria, however, is one of these few, truly innovative platforms. It’s innovative not only because of the vision and persistence it took to bring this first-of-kind application to market, but also for the problem it seeks to solve. This is unique, transformative and important thinking.”
Umbria is a “data-first” platform which integrates and correlates data from across the firm and delivers it in intuitive dashboards with process workflows. Its actionable business intelligence helps lawyers and other professionals understand their true cost of service delivery to enable price competitiveness, consistency, and predictably in the delivery of legal services.
Linda Novosel, Chief Pricing and LPM Officer at Steptoe, stated: “Umbria plays a critical role in enabling us to competitively price and manage our matters. Based on our clients’ needs for fee certainty and greater transparency, this tool is a key component of delivering exceptional client service.”
Before the delivery of Umbria, firms were limited to purchasing and deploying numerous ‘point solutions,’ custom-developed dashboards, or consultancy-heavy partial-product implementations which only provided basic business intelligence. Since its introduction last year, 12% of the AmLaw 100 has already adopted, piloted, and rolled-out Umbria, thus enabling this vital business transformation.
Keith Lipman, President of Prosperoware, commented: “After years of working within legal, I sought to find a way to help transform the industry and enable firms to maintain profitable businesses. Umbria helps the firms while empowering individual lawyers with the key data they need to immediately improve client relationships and successfully deliver matters on time and on budget. Umbria drives the conversations lawyers are having with clients today, and can deliver the long term, positive impact for which I am deeply proud. I am truly honored by ILTA’s recognition of our work.”
The winners of the 2016 ILTA Distinguished Peer Awards will be announced at ILTACON in National Harbor, MD on Tuesday, August 30th.
ILTACON attendees are invited to join Keith Lipman and learn more about Umbria at one of these sessions:
• “Solution Spotlight: Prosperoware Umbria: Enabling Firms to Implement LPM & Evolve at their Own Pace” on Wednesday, August 31st at 9am.
• “Effectively Managing Outside Counsel Guidelines,” on Wednesday, August 31st at 3:30pm
Prosperoware is an enterprise software company focused on law firms, corporate legal departments, and professional services firms. Our customers include half of the G20 and AmLaw 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:
• Improving relationships with clients by delivering predictable fees and beneficial insight into work performed
• Empowering professionals to price and budget while leveraging modern profitability metrics
• Evolving to a “need to know” security model without impacting workflow
• Simplifying iManage administration and improving user adoption of electronic files
Our teams work primarily from offices in London, Chicago, and Philadelphia. Our 270+ 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.