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TyMetrix Acquires LEDESense to streamline e-billing for law firms

November 1, 2011  |  Electronic Invoicing, Legal, North America

TyMetrix has acquired the LEDESense. TyMetrix provides in intelligent solutions to better manage the business behind legal consulting. LEDESense helps law firms translate unformatted electronic invoices into the many different Legal Electronic Data Exchange Standards (LEDES) formats accepted by various legal ebilling systems across the globe.

About LEDES

LEDESense automates the process of formatting invoices and creates a seamless electronic invoice process between a law firm and its client. Law firms can count on getting paid faster and better use staff hours dedicated to manually formatting and fixing rejected invoices.

The LEDES Oversight Committee has provided guidelines and standards for legal electronic invoicing since its creation in the late 1990s, but those standards consist of multiple variations. As electronic invoicing has become more and more mainstream in the legal industry, law firms are spending increasing amounts of time ensuring that their invoices are compliant with as many as 31 different formats required by various ebilling vendors.

LEDESense

The LEDESense platform helps law firms to streamline the electronic billing process by essentially eliminating much of the administrative work around creating LEDES-formatted legal invoices. The software can also troubleshoot invoices that can be rejected or delayed by the multitude of ebilling platforms, simply for formatting reasons.

This platform can be especially beneficial to law firms in Europe, where the popularity of electronic invoicing is rapidly growing as legal professionals look for ways to make the billing process more efficient.


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