LexisNexis launches litigation calculator

February, 13 2014

LexisNexis is launching a product which enables law firms to benchmark data related to the forecasting of potential litigation costs.

LexisNexis Counsel Benchmarking analyses data in relation to hourly rates, matter costs and alternative fee arrangements for litigation Sergey Nivens

The product, LexisNexis Counsel Benchmarking, analyses data in relation to hourly rates, matter costs and alternative fee arrangements for litigation. The data is based on an analysis of millions of invoices. Justin Silverman of LexisNexis said: 'With ongoing pressure to reduce legal department costs, general counsel at corporations of all sizes are focusing on managing their spend while controlling risk.' Source: Inside Counsel