Mitratech, a provider of enterprise legal management solutions, has acquired Viewabill, which provides corporate clients with real-time insight into their law firms’ activities and time entries through Web and mobile app access by integrating with law firm time and billing systems.
Viewabill also enables law firms with capabilities to track staff efficiency in real-time, enabling better accountability throughout the firm, increased efficiency in the billing process, and stronger client relationships. The acquisition of Viewabill expands Mitratech’s portfolio of solutions for corporate legal department and law firm collaboration.
“Legal departments are seeking more than just basic e-Billing solutions; they are looking for ways to enable inside and outside counsel to collaborate efficiently through multiple avenues,” said Mitratech CEO Jason Parkman.
Incorporating Viewabill into Mitratech’s suite of collaboration tools that already includes invoicing, budget collaboration, timekeeper rate collaboration, and a structure for negotiations, “will allow our corporate clients to gain insight into activities and issues long before an invoice arrives, fostering better collaboration and relationships with outside counsel and improving spend management,” Parkman added. “Additionally, it will provide our law firm clients a way to differentiate their services in a competitive market by delivering on the transparency and predictability sought by their clients.”
Mitratech is actively working to optimize the integration of Viewabill’s innovative technology into its existing portfolio of e-Billing and legal spend management tools. This portfolio includes Collaborati, an e-Billing platform used to submit invoices and updates to Mitratech’s legal department clients.
Adding Viewabill’s benefits of reduced billing risk and cost due to increased invoice accuracy brings the potential to create considerable value throughout the engagement lifecycle. Law firms that utilize Viewabill are able to decrease write-offs by increasing collaboration while strengthening firm-client relationships.
Financial terms of the deal are not being disclosed.