Narrative provides an AI-native platform that automates pricing, matter scoping, and time entry analysis for law firms. The solution leverages historical data to generate accurate estimates, enabling faster RFP responses and improved profitability across all billing models. This platform integrates with existing infrastructure to enhance realization rates, protect profit margins, and increase time efficiency for legal professionals.
Funding
Funding not disclosed
Founders
Product
Problem
Law firms often rely on manual spreadsheets and subjective judgment to price matters, scope projects, and interpret time‑entry data, resulting in inaccurate estimates, low realization rates, and time‑consuming RFP responses. This lack of data‑driven insight makes it difficult to maintain profitability across complex engagements.
Solution
Narrative provides an AI‑native platform that ingests structured and unstructured historical matter data, time entries, and billing narratives to generate precise pricing estimates and phased project plans. The system applies machine‑learning models to automate matter scoping, predict outcomes, and simulate the financial impact of different fee structures. Real‑time profitability dashboards give partners visibility into cost drivers, enabling proactive governance and compliance from the outset of an engagement. The solution integrates with existing practice‑management and document‑management systems, requiring no major IT overhaul, and offers a sandbox environment for rapid pilot deployment. By automating routine calculations and enriching time‑entry data, Narrative frees lawyers to focus on client work while improving realization, margin, and win rates.
Target Audience
The primary customers are large international law firms and corporate legal departments that manage complex, high‑value matters and require data‑driven pricing, governance, and profitability monitoring.
Features
- AI‑driven pricing engine that creates data‑backed estimates for fixed fees, caps, blended rates, and subscription models using firm‑wide historical matter data.
- Automated matter scoping with phase modeling that produces detailed project plans and scenario analyses in minutes.
- Smart time‑entry analysis that enriches raw entries, applies compliance rules, and generates audit‑ready billing narratives.
- Real‑time profitability and matter‑health analytics dashboards with benchmark comparisons across clients, practice groups, and regions.
- One‑click billing and work‑in‑progress (WIP) report generation directly from captured time data.
- Fully automatic, passive time capture that creates detailed activity logs without interrupting lawyers’ workflow.
- Enterprise‑grade security: zero LLM data retention, end‑to‑end AES‑256 encryption, dedicated tenant architecture, and role‑based access controls.
- Seamless integration layer that connects to existing PMS/DMS, email, calendar, and collaboration tools without replacing core infrastructure.