Provides an enterprise platform for in-house legal teams to streamline the selection and management of outside counsel through data-driven sourcing, transparent rate negotiations, and marketplace intelligence. This reduces costs, improves decision-making, and fosters stronger law firm relationships by enabling measurable, repeatable processes aligned with business objectives.
Funding
$20M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In-house legal teams face challenges in efficiently selecting and managing outside counsel, often lacking data-driven insights for sourcing, rate negotiation, and performance monitoring. This can lead to increased costs, suboptimal decision-making, and strained relationships with law firms due to a lack of transparency and measurable processes.
Solution
PERSUIT offers an enterprise platform designed to streamline the selection and management of outside counsel, enabling in-house legal teams to make data-driven decisions. The platform facilitates transparent rate negotiations and provides marketplace intelligence, fostering stronger law firm relationships. By centralizing and automating the sourcing process, PERSUIT ensures a repeatable and defensible selection process, allowing law firms to understand the rationale behind selection decisions. The platform's capabilities extend to value-based pricing models, real-time spend visibility, and performance transparency, shifting legal operations from cost control to strategic performance management. PERSUIT's recent acquisition of Apperio further enhances its capabilities, connecting every point in the outside counsel workflow with actionable intelligence.
Target Audience
The primary target audience includes in-house legal teams at large companies seeking to optimize their outside counsel spend, improve decision-making, and foster stronger relationships with law firms.
Features
- Matter scoping tools for simple and complex legal issues
- Data-driven sourcing decisions based on real buying behavior
- Relationship management tools to foster transparency with law firms
- Marketplace intelligence with pricing benchmarks and matter outcomes
- Support for alternative fee arrangements (AFAs) and value-based pricing
- Real-time matter monitoring to ensure projects stay on track and within budget
- Integration with Firm Prospects, LLC for access to lawyer profiles
- AI-powered platform to optimize for outcome-driven results