LexisNexis Redwood Analytics - do you have an alternative fee arrangement solution?
This Factsheet has been provided by LexisNexis Redwood Analytics and was used at the inaugral LexisNexis Redwood Analytics UK User Conference in 2009.
Redwood's Planning solution:
- Web-based, stand-alone application
- Staff and price clients and matters to see the effect on profitability
- The solution allows users to model and compare scenarios
- Pull in history for similar clients/matters and adjust
- This historical insight can be applied to a current client or can be used as a starting point when trying to win new business.
- The Planning solution allows users to plan by phase and task in addition to the above
- Review component to track progress towards the plan and effect as necessary