Umbria Budget, Pricing and Business Intelligence Product Achieves Impressive Growth in First 7 Months, Including Adoption by 9 of the AmLaw 100

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Prosperoware announces a 60% growth jump in Q4 2015, for the company’s Umbria Budgeting, Pricing, and Business Intelligence customer base since the time of its launch in May 2015. The impressive adoption rate over the first 7-month period of availability reflects 9 new customers from the AmLaw 100, including Sheppard, Mullin, Richter & Hampton LLP and Steptoe & Johnson LLP, as well as NLJ 350 firm Miles & Stockbridge P.C.

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Linda Novosel, Chief Pricing and LPM Officer at Steptoe & Johnson says: “Based on our clients’ needs for fee certainty and greater transparency, this tool is a key component of delivering exceptional client service."

Prosperoware, a leading enterprise software company delivering innovative technology that connects the business with the practice of legal and professional services, today announces 11 new customers, including a 60% growth jump in Q4 2015, for the company’s Umbria Budgeting, Pricing, and Business Intelligence customer base since the time of its launch in May 2015. The impressive adoption rate over the first 7-month period of availability reflects 9 new customers from the AmLaw 100, including Sheppard, Mullin, Richter & Hampton LLP and Steptoe & Johnson LLP, as well as NLJ 350 firm Miles & Stockbridge P.C.

The legal industry has undergone—and will continue to undergo--a massive shift in client expectations: clients today demand high-quality legal services delivered efficiently, economically, and most importantly, predictably. For many firms, this has created a meaningful drop in demand, requiring leaner organizations with fewer support staff and tighter margins. Against this new reality, firms are struggling to meet the challenge of the new market mandate with their legacy infrastructure.

With Umbria Pricing, Budgeting, & Business Intelligence, Prosperoware has extended its process improvement expertise to the core of a firm’s business requirements with enterprise-scale, business-critical solutions. Specifically, Umbria increases client value with metrics-driven fee predictability and gives professionals greater visibility into the full economics of engagements.

Firms such as Steptoe are using this data to enhance their client delivery model by making informed decisions on staffing matters and managing to budgets. “Umbria plays a critical role in enabling us to competitively price and manage our matters,” states Linda Novosel, Chief Pricing and LPM Officer at Steptoe. “Based on our clients’ needs for fee certainty and greater transparency, this tool is a key component of delivering exceptional client service."

Umbria functions as a core platform that connects law firm leadership and attorneys with their business development, pricing, finance, and human resources teams—allowing the firm to work in a more integrated manner. Umbria puts this up-to-date, highly integrated information about clients and matters at the partners’ fingertips by giving them access to a modern web application with a dashboard or by delivering alerts to their email.

Keith Lipman, President of Prosperoware, comments, “To succeed, the industry’s most forward thinking law firms are meeting and exceeding the changes in the legal market with a shift in their business model in terms of pricing, service delivery, resourcing and more. Prosperoware is the enterprise-level infrastructure built for that success. We are as excited as we are pleased by the achievements of our clients and look forward to more.”

About Prosperoware
Prosperoware is an enterprise software company providing solutions for law firms, corporate legal departments, and professional services firms. Our customers include nearly half of the G20 and Am Law 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:

  •     Simplifying iManage administration and improving user adoption of electronic files
  •     Enforcing and automating information governance with a focus on security and risk management
  •     Improving relationships with clients by delivering predictable fees and beneficial insight into the work performed
  •     Empowering professionals to leverage modern profitability metrics, which drive truly informed budgeting and pricing decisions

Our teams work primarily from offices in London, Chicago, and Philadelphia. Our more than 255 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.

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