We are pleased to see the continued success of the ACC’s Value Challenge, as it clearly promotes many of the same ideas our solutions deliver.
Richmond, VA (PRWEB) March 2, 2011
Acuity Management Solutions, a leading provider of web-based legal management tools, attributes its growth of 60% over the last 4 years to the growing movement to connect cost and value, spurred by the Association of Corporate Counsel’s Value Challenge.
Acuity’s suite of web-based solutions assists corporate legal and insurance claims departments with cost containment, and provides enhanced workflow processes between in-house and outside counsel. The programs are also used by national counsel coordinating mass tort litigation and by entire industries that can benefit from access to similar legal information in one central location.
The Association of Corporate Counsel (ACC) Value Challenge is an initiative launched to reconnect value and cost for legal services. The Value Challenge develops methodologies and metrics that corporate counsel can use to assess the strengths and weaknesses of law firms; creates tools for in-house counsel and firms to share; and enhances awareness and communicates success stories in achieving value and alignment.
“We are pleased to see the continued success of the ACC’s Value Challenge, as it clearly promotes many of the same ideas our solutions deliver,” said Kelley Johnston, President and CEO at Acuity Management Solutions.
Acuity offers web-based legal management solutions that help facilitate matter management for corporate legal and insurance claims departments.
“When you look at the components of value the ACC is promoting, particularly: better budget and cost management, progress and performance evaluation, improved communication, adequate work distribution – Acuity’s tools facilitate these extremely well,” Johnston adds.
In an era when organizations demand higher productivity with fewer resources, the legal industry has held an unfortunate reputation for being slow to update its practices to meet 21st century needs and technologies. Acuity Management Solutions offers a number of intuitive web-based management tools for law firms and corporate clients to measure their progress toward reducing expenses while increasing value, including:
Acuity’s Matter Management system, a single source solution that enables complete visibility of a matter and clear oversight of an entire legal portfolio. The solution eliminates inefficient and decentralized knowledge sharing and enhances communication among entire legal teams.
E-Billing from Acuity, which can reduce legal costs by up to 10% per year with automatic and consistent enforcement of billing guidelines, enforced compliance with contracted rates, and terms and validation of invoices using basic accounting principles.
Collaborative networks, which provide on-line tools for clients and their outside counsel to communicate and share valuable information in a secure, centralized location. These tools include global databases for expert witnesses, judges and mediators, document management, reporting, and calendaring.
VendorConnect, which takes Acuity’s E-Billing solution to the next level by streamlining the invoice process. With VendorConnect, legal support vendors can process their invoices electronically to ensure compliance with rates quoted so that corporate legal and insurance claims departments can better manage ancillary legal expenses and define best practices for these services.
About Acuity Management Solutions
Acuity Management Solutions was formed in 1996 by partners of a Virginia-based law firm. Originally called TrialNet, Incorporated, the company offers advanced web-based technology to facilitate better legal management and cost cutting strategies for corporate legal and insurance claims departments. Acuity’s web-based legal management tools include E-Billing, Matter Management, Collaborative Databases, and VendorConnect cost management tools. To learn more about Acuity Management Solutions, visit http://www.acuitymanagement.com.