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CounselLink
by LexisNexis (Previous known as ParleyPro)
Acquired by LexisNexis on May 09, 2022
LexisNexis CounselLink offers the following features:
CLM
Manage all your work, including contract negotiation, storage, and reporting, all with a single sign-on and within one tool. CounselLink CLM features real-time collaboration, workflow automation and actionable analytics. Integrated end-to-end contract process automation makes for unprecedented ease-of-use. The CLM features of CounselLink are an incorporation of Parley Pro, which LexisNexis acquired in 2022.
Financial Management
CounselLink Financial Management gives you an executive overview into overhead, savings, and trends to better understand the needs of your legal operation. It provides invoice processing, automated billing guidelines enforcements, and can support every type of alternative fee arrangement.
Vendor Management
CounselLink Vendor Management helps you select firms that are well-suited for your specific matters, control costs, and drive service excellence to gain increased value from vendors throughout your partnership. Law firm profiles provide insight from visualizations of legal spend, matter distribution, and timekeeper billing. Law firm scorecards help analyze the performance of the law firm for use in comparison and evaluation. Negotiate fee agreements with law firms so they can effectively invoice for legal work performed. You’ll also have the native ability to handle all types of alternative fee arrangements. The Law Firm Diversity Survey collects and tracks diversity information reported by law firms to increase accountability, helping you to assess your vendor’s diverse talent pool.
Work Management
CounselLink gives you the ability to collect, organize, track, audit, and report on all the work your legal department delivers helping to better manage your internal workload and drive better outcomes for the entire organization.
Building On Its Acquisition of Parley Pro, LexisNexis Adds Contract Lifecycle Management to CounselLink
LexisNexis Adds New Capabilities and Enhancements to CounselLink
LexisNexis CounselLink Recognized in Hyperion Research Report as a Leading ELM Solution
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