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Thomson Reuters Legal Tracker Reviews & Product Details - Page 7

Thomson Reuters Legal Tracker Overview

What is Thomson Reuters Legal Tracker?

Thomson Reuters spend management – Legal Tracker is a world-class solution with unmatched invoice analysis capabilities, advanced AI bill review, document understanding and processing through machine-learning models, and powerful, predictive analytics and enhanced benchmarking tools. Using Thomson Reuters spend management, you can start making proactive, data driven decisions around spend management and achieve real-time savings, while delivering services for your business partners on time and on budget. Legal Tracker Advanced Named ACC Value Champion, 2022 The Association of Corporate Counsel (ACC) has awarded Volkswagen Groups of America, Inc. and Legal Tracker Advanced its 2022 Value Champion Award. With streamlined workflow and powerful data analytics, the rate increase process was improved to deliver savings, resulting in the award. Providing comprehensive matter management, easy legal e-billing, custom analytics, and seamless integration with existing tools and systems, Legal Tracker (formerly Serengeti Tracker) is the ideal solution for in-house departments and law firms. A professional services team, 24/5 live support, and an online Help site backs all of this up. Over 1,600 corporate law departments, from Fortune 500s to startups, use Legal Tracker for billing and matter management reporting analytics. Using this turnkey corporate legal software, they are able to control costs, reduce legal spend, streamline operations and deliver predictable budgets. Legal Tracker allows users to securely manage invoices in any electronic format for all firms they work with worldwide. With one secure platform that can integrate with their accounts payable department, they can automate approvals, audits, and electronic invoice routing of legal bills. Legal Tracker is also popular for its matter management features. Users can access all aspects of their legal matter, from documents and emails to deadlines and personnel, all in one place, from all of their law firms. A legal department can be complex, and it faces constant scrutiny. What metrics are most useful for showing value? Data-driven decisions require accurate metrics. With Legal Tracker's reporting tools, you can easily show your organization’s leadership team how your in-house legal department and outside law firms are performing. Measure performance, review spend and budget, and benchmark your data against others in the market. Engage our experts at any stage to maximize Legal Tracker benefits. Let us help you with your data services, implementation, cloud integrations, and more.

Thomson Reuters Legal Tracker Details
Product Website
Languages Supported
German, English, French, Japanese, Portuguese, Spanish
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Product Description

Legal Tracker is the corporate legal industry's most widely used software for managing e-billing, matter management, and performance analytics

How do you position yourself against your competitors?

How Thomson Reuters Spend Management Is Superior

• Predictive analytics and enhanced benchmarking tools
Benchmarks your data against more than 1,600 of the highest-performing legal departments and identifies opportunities for savings with more than $200B of legal spend data, from more than 121,000 legal services suppliers in more than 192 countries.

• Sophisticated AI capabilities
Offers advanced AI bill review and document understanding and processing through machine-learning models.

• Multiple invoice formats and languages
Allows the processing of invoices in multiple formats, including LEDES, PDF, Word, image files, and more—all while handling multiple currencies and complex tax.

• Industry-leader since 2001 (formerly Serengeti Tracker)
Leads the industry as the most widely used legal spend SaaS.

•Fast and Easy Migration

Effortlessly bring your matters, invoices, and legal documents from other solutions within less than a month.


Seller Details
Company Website
Year Founded
2008
HQ Location
Toronto, CA
Twitter
@thomsonreuters
152,775 Twitter followers
LinkedIn® Page
www.linkedin.com
34,134 employees on LinkedIn®
Ownership
NYSE:TRI
Total Revenue (USD mm)
$5,984
Description

Know today. Navigate tomorrow. In an era of unprecedented change, we are delivering innovative technology and AI that empower professionals to confidently address the complexities of today and the unknowns of tomorrow.


Robin C.
RC
Overview Provided by:

Recent Thomson Reuters Legal Tracker Reviews

Daniel H.
DH
Daniel H.Small-Business (50 or fewer emp.)
5.0 out of 5
"Tracker makes invoice review and approval much easier than any other method."
The most helpful feature is how the program breaks down the individual attorneys and their billing rates.
Verified User
E
Verified UserEnterprise (> 1000 emp.)
4.5 out of 5
"Overall Very Good"
Very ease to onboard new firms and use the product.
Verified User
U
Verified UserEnterprise (> 1000 emp.)
4.0 out of 5
"useful tracker tool"
Allows you to track spend, manage your budget, a useful repository for matter management.

Thomson Reuters Legal Tracker Pricing

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Thomson Reuters Legal Tracker Media

Thomson Reuters Legal Tracker Demo - Industry Leader
Legal Tracker is the world's most widely used and highest-rated in-house legal matter management, case-tracking, e-billing, and analytics system.
Thomson Reuters Legal Tracker Demo - Legal E-billing
Securely manage invoices in any electronic format for all the firms you work with worldwide. Automate approval, audit, and legal invoice routing with one secure platform that can integrate with your accounts payable department.
Thomson Reuters Legal Tracker Demo - Rate Management Insights
Connect to all of your law firms and have instant access to every aspect of every legal matter, from documents and emails to deadlines and personnel, in one place.
Thomson Reuters Legal Tracker Demo - Dashboards
Legal Tracker is a highly configurable system designed to work the way you work. Each user has a unique Tracker dashboard with multiple views that can be individually tailored to meet specific needs. With more than 100 best practice metrics that can be displayed and the ability to select from pre...
Thomson Reuters Legal Tracker Demo - Online Value Calculator
Get your complimentary business case report to see your savings! Visit https://legal.thomsonreuters.com/en/products/legal-tracker/value-calculator
Thomson Reuters Legal Tracker Demo - Matter Pricing and RFP
Matter Pricing and RFP enable legal departments to deeply compare and assess firms, better predict costs, automate processes, and negotiate with greater effectiveness and confidence.
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128 Thomson Reuters Legal Tracker Reviews

4.6 out of 5
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128 Thomson Reuters Legal Tracker Reviews
4.6 out of 5
128 Thomson Reuters Legal Tracker Reviews
4.6 out of 5

Overall Review Sentiment for Thomson Reuters Legal TrackerQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Guy G.
GG
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Thomson Reuters Legal Tracker?

User friendly. Any first time user would not have any problem at all. I also love the easy to read format. Review collected by and hosted on G2.com.

What do you dislike about Thomson Reuters Legal Tracker?

I can not think of anything I dislike because it simplifies my job. Review collected by and hosted on G2.com.

What problems is Thomson Reuters Legal Tracker solving and how is that benefiting you?

It helps me categorize and caption my work product. Review collected by and hosted on G2.com.

Verified User in Consumer Goods
UC
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Thomson Reuters Legal Tracker?

Legal Tracker is easy to use and gives me visibility of all the important billing information that I need. It's easy to track spending by matter and they are constantly updating things to make them easier and better. Definitely worth the investment. Review collected by and hosted on G2.com.

What do you dislike about Thomson Reuters Legal Tracker?

While it is relatively easy to use once you get the hang of it, creating reports can be a little clunky. There are also some features I would like to see like the ability to edit task codes in invoices on my end rather than sending them back to the firm for correction. Allowing me to simply make the change would avoid rejecting or disputing the invoice and then having to see it again when it is resubmitted. Review collected by and hosted on G2.com.

What problems is Thomson Reuters Legal Tracker solving and how is that benefiting you?

Legal Tracker has given us much better visibility on our legal spend, especially on spend per matter. In addition, we have been better able to manage duplicate time entries and the submission of invoices for matters that should not have any activity. Review collected by and hosted on G2.com.

Response from Robin Chance of Thomson Reuters Legal Tracker

We love getting favorable reviews, thank you!

We don't want our customers to struggle with any aspect of Legal Tracker. If reports are giving you trouble, we want to help you. Legal Tracker users in corporate legal departments and law firms can always get training for any Legal Tracker feature, including reports. You can access our online help site 24/7 by clicking Help at the top right of every page in Legal Tracker. On the Help site, you can watch tutorial videos, read guides, and sign up for live training sessions. Live support for clients is available 24 hours a day / 5 days a week, from 6 p.m. Sunday to 8 p.m. Friday, excluding major holidays.

See how Thomson Reuters Legal Tracker improved
Verified User in Food & Beverages
UF
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Thomson Reuters Legal Tracker?

Having all of my matter's financial information in one place that is easy to navigate. Review collected by and hosted on G2.com.

What do you dislike about Thomson Reuters Legal Tracker?

Many of the reports/capabilities are not as intuitive as I'd like. And the reports wizard still requires a fair amount of technological know-how to navigate. Review collected by and hosted on G2.com.

What problems is Thomson Reuters Legal Tracker solving and how is that benefiting you?

It provides for one, coherent system that you can always go to to get a snapshot on legal spend. Review collected by and hosted on G2.com.

Verified User in Entertainment
UE
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Thomson Reuters Legal Tracker?

It is relatively easy to use and contains lots of information. Review collected by and hosted on G2.com.

What do you dislike about Thomson Reuters Legal Tracker?

Sometimes navigating can be a little different than expected. Review collected by and hosted on G2.com.

What problems is Thomson Reuters Legal Tracker solving and how is that benefiting you?

It helps organize our budgets and billings from outside law firms. We are a large company with over 5,000 employees and hundreds of locations worldwide. Review collected by and hosted on G2.com.

Verified User in Commercial Real Estate
UC
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Thomson Reuters Legal Tracker?

It is easy to use and process bills. It has made the bill paying process simple. Review collected by and hosted on G2.com.

What do you dislike about Thomson Reuters Legal Tracker?

Sometimes I don't realize that bills are waiting to be reviewed or approved. Review collected by and hosted on G2.com.

What problems is Thomson Reuters Legal Tracker solving and how is that benefiting you?

Thomson Reuters Legal Tracker allows me to process outside counsel bills with ease. Review collected by and hosted on G2.com.

DH
Legal Analyst
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Thomson Reuters Legal Tracker?

I have used Legal tracker for several years, its very user friendly and a great place to keep track of cases, invoices and documents. Review collected by and hosted on G2.com.

What do you dislike about Thomson Reuters Legal Tracker?

My only gripe with Legal tracker is that its appearance is a little bland; I wish it looked a little more modern. Review collected by and hosted on G2.com.

What problems is Thomson Reuters Legal Tracker solving and how is that benefiting you?

Legal Tracker has great reporting features; I have several reports built that I use to track case history or spending. I like how easily these reports can be tailored. Review collected by and hosted on G2.com.

Response from Robin Chance of Thomson Reuters Legal Tracker

Thanks for your positive review of Legal Tracker, the leading platform for e-billing performance, analytics, and matter management.

Your enhancement idea will be shared with the team as we are constantly seeking to improve our products.

Verified User in Government Administration
UG
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Thomson Reuters Legal Tracker?

Legal Tracker is user-friendly. It has been easy to train our new staff to use it. The ability to create reports for whichever stakeholder that needs litigation data. Review collected by and hosted on G2.com.

What do you dislike about Thomson Reuters Legal Tracker?

Honestly, I have not experienced a downside. If there has ever been an issue, Legal Tracker's help desk has been quick to provide assistance. Review collected by and hosted on G2.com.

What problems is Thomson Reuters Legal Tracker solving and how is that benefiting you?

Legal Tracker provides me with the ability to provide data/reports to our finance team that details our spending as a department. It also allows me to create reports for our legal department team to show costs/highest claims/settlement etc. It also allows me to create reports for our Operations team so that they can see the areas in which most claims/litigation are arising. Review collected by and hosted on G2.com.

Response from Robin Chance of Thomson Reuters Legal Tracker

Your organization seems to be using Legal Tracker's budgeting and unbilled time reporting features to capture their spending estimates. With this method, you can budget by time period or litigation/IP phase, define complex phased budgets and track spend-to-budget for those matters, and accurately budget and track matters with alternative fee arrangements (if you're using AFAs). You can also roll up budgets and spending into internal budgets and reforecast unanticipated events quickly. Nice!

Thanks for the positive feedback!

Verified User in Food Production
UF
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Thomson Reuters Legal Tracker?

I like that I know as soon as the vendor enters an invoice so that I can review and approve as soon as possible. The system is very easy to use for both the vendors and myself. I am able to set up new vendors, new matters and approve invoices with little to no training. It's all very self-explanatory. Review collected by and hosted on G2.com.

What do you dislike about Thomson Reuters Legal Tracker?

Tracker works for my purposes just fine and there is really nothing that I dislike about the system other than that our other departments within the organization use a different system and the two systems don't seem to communicate with each other so I do not know whan an invoice is actually paid. Review collected by and hosted on G2.com.

What problems is Thomson Reuters Legal Tracker solving and how is that benefiting you?

It is helping me make sure that all vendor invoices are posted, approved and paid in a timely manner. Review collected by and hosted on G2.com.

Response from Robin Chance of Thomson Reuters Legal Tracker

When our clients are happy, we are happy. Thank you for sharing your thoughts about Legal Tracker.

JK
E-billing Specialist
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Thomson Reuters Legal Tracker?

Finding solutions to problems is easy and quick. I appreciate my ability to add or edit matters for invoice submission. I used the ledes posting, matter editing, appeals. Review collected by and hosted on G2.com.

What do you dislike about Thomson Reuters Legal Tracker?

navigation on site is not self-explanatory, easy to get confused on where to find certain things.

There is no option to appeal on site. It is time consuming to edit each deducted line item on the ledes for appeals.

It is inconvenient that we are unable to edit matter statuses (open/closed) from the user standpoint, and we are unable to upload invoices to closed matters.

Legal Tracker also does not clarify the issue if attempting to upload an invoice to a closed matter. Review collected by and hosted on G2.com.

Recommendations to others considering Thomson Reuters Legal Tracker:

Use the manual Review collected by and hosted on G2.com.

What problems is Thomson Reuters Legal Tracker solving and how is that benefiting you?

With Legal Tracker I was able to know who the correct points of contact are for. Legal tracker support has been very quick in responding and answering any requests. Review collected by and hosted on G2.com.

Marian C.
MC
Managing Counsel
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Thomson Reuters Legal Tracker?

Monitoring legal spend against deductibles for insurance claims, and capturing important information vital to running a legal department. Review collected by and hosted on G2.com.

What do you dislike about Thomson Reuters Legal Tracker?

The fact that contracts management is an add-on, which is prohibitively expensive for small entities. Review collected by and hosted on G2.com.

What problems is Thomson Reuters Legal Tracker solving and how is that benefiting you?

Tracking spend against budget and rate changes against approved rates. Review collected by and hosted on G2.com.

Response from Robin Chance of Thomson Reuters Legal Tracker

Hello Marian,

Thanks for being a long-term customer and for your thoughtful review. Your input is valued.

Thomson Reuters tries to offer customers choice in how they approach Enterprise Legal Management (ELM) with Spend Management offered via Legal Tracker and Contract Lifecycle Management (CLM) offered via HighQ. Different organizations are ready for different levels of sophistication. We try to offer flexibility in solving for one problem at a time, then giving customers choice in continuing to solve the next problem either with Thomson Reuters or taking advantage of our open platform to support your chosen tech stack.

This article provides a view on ELM considerations and strategies that businesses of all sizes should consider, along with an overview of Thomson Reuters' ELM offerings.

https://legal.thomsonreuters.com/en/insights/articles/what-is-enterprise-legal-management

Thanks again for your review and use of Legal Tracker.

See how Thomson Reuters Legal Tracker improved