Prosperoware will be presenting “Umbria: Enabling Firms to Implement LPM and Evolve at Their Own Pace,” on Wednesday, August 31st at 9am in Baltimore 1 & 2 of the Gaylord National Harbor Resort as part of the Solution Spotlight educational content chosen by peers for the 39th Annual ILTACON. The session will be led by ILTA Vendor Thought Leader of the Year nominee and company president, Keith Lipman. Prosperoware will exhibit at booth #321 during the conference, Aug. 28 – Sept. 1 in National Harbor, MD.
The new legal industry business model necessitates that firms deliver quality work at expected price while achieving sustainable profitability. The lack of growth in the legal services market means that law firms must not only compete for each dollar of incremental revenue, but also ensure that they are profitable ones. To do so, firms must now understand their own cost structures and focus on controlling them by delivering matters with optimal efficiency in terms of price and resource utilization.
As the industry’s most innovative, data-first platform, Prosperoware Umbria takes a holistic approach to transforming law firm operations through the use of integrated information and analytics, and provides actionable business intelligence with integrated, process-driven workflow to enable professionals to understand their true cost of service delivery. Umbria helps price matters competitively, allocate resources effectively, and manage matters to maximize value to clients and profitably for firms.
Resource allocation and task management are core to LPM, and Umbria enables firms to implement them in a manner that doesn’t intimidate but rather empowers attorneys. Umbria facilitates understanding of the components of service delivery and enables them to be displayed and worked through their discrete tasks, ensuring effective management of matters and repeatable profitability.
Attendees of the Solution Spotlight will learn how Umbria can help them adopt LPM into their firm’s culture in an achievable manner – from implementing simple LPM concepts to sophisticated tools such as Kanban and Gantt charts – and ultimately ensure their firm’s ability to deliver quality matters at predictable pricing with sustainable profitability.
Keith Lipman, President of Prosperoware, comments: “We’re honored by the recognition the ILTA community has extended to Umbria this year and it speaks to the importance of these challenges that Umbria addresses in the new legal business model. 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. We’re looking forward to a great conference.”
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.
Patricia Ann Nagy, Founder
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