UPDATE: 9/26/13, 2:42 PM. The story has been updated to include additional quotes.
As lawyers face greater pressure from clients to keep their rates and costs down, any bit of information about what the competition is up to is valuable. A new legal metrics program from TyMetrix hopes to make it easier for law firms and legal departments to determine pricing and performance benchmarks by telling them what others have done in the past. In a Tuesday, Sept. 24 press release TyMetrix unveiled MatterAnalyzer, a web-based tool that helps users make more informed decisions about rates, costs, and staffing of legal matters.
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