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NEW YORK, November 10, 2022 (GLOBE NEWSWIRE) — Previous articlethe leading legal marketplace for domestic law firms, today announced that it has been honored as the recipient of the Business Law Council’s (BLC) Collaborative Award alongside Hearst for its work on the decision-making platform -external decision called Scout.
In 2021, Priori and Hearst began a partnership to leverage Priori’s search and data mining capabilities from its flagship Marketplace product to assist domestic law enforcement agencies. to enter into the understanding of their lasting, true relationship. Hearst, Zimmer Biomet, Marsh McLennan, and Orrick are Fortune 10 companies the beta team for Scout.
“Scout is a game changer for the legal industry. It creates a new category of law office software that broadens and deepens the relationships between in-house teams and their outside counsel,” said An Trotter, Senior Director of Operations, Office of General Counsel at Hearst. “Scout is setting a new standard for how corporate law departments and law firms communicate. The legal procurement community’s recognition of our partnership is a strong indication of this product’s ability to deliver value and efficiency.
Scout is designed to reduce friction in the sales process by creating data-driven searches that connect to project management systems using a user-friendly interface. This two-sided ecosystem provides law firm clients with the insight and information to make informed decisions while allowing law firms to showcase their expertise, experience and diversity to clients. .
As part of the partnership, Priori and Hearst worked together to achieve the following goals:
- Identifying the expertise and experience of lawyers at the best firms
- Breakdown of which firms/lawyers met Hearst’s criteria, including areas such as diversity and compensation.
- Know the relationships and history of relationships and businesses
- Create a performance feedback loop of external consultants.
Priori and Hearst oversaw product requirements, design elements and data decisions to ensure Scout best meets the needs of domestic legal and procurement stakeholders. Scout is used to identify and capture highly relevant data, display and update that information, and integrate it into law enforcement and corporate systems.
By using Scout, Hearst has been empowered to determine outsourced employee information and save 325 hours per year.
“This award is a true testament to the strength of the collaboration between Priori, Hearst and other beta users, and early adopter law firms,” said Basha Rubin, CEO and Co-Founder of Priori Legal. “Domestic groups spend millions of dollars every year on external consultants with insufficient data. Scout helps solve this problem, and this is a sign of how Scout is changing. game for the legal community.
Buying a Legal Council Award
The Law Council’s Legal Procurement Awards highlight the latest developments in legal procurement and the best practices in legal procurement. They honor those who are at the forefront of new developments and inspire others. The goal is to identify and recognize the best industry initiatives in five areas of procurement law, including Innovation, Collaboration, Collaboration, and Best Use of Technology and Process Improvement.
Legal procurement professionals from companies and countries can participate by providing detailed information about their next project – project objectives, strategy and implementation, results from the project, discussion of the program’s budget and reimbursement. Requests for awards were entered blindly. All decisions were made between judges – all legal sales professionals.
Rethinking Outsourcing Management
Priori works with in-house legal teams in companies of all sizes to connect legal departments with external legal counsel for projects around the world, saving time and money. Priori’s clients include everything from Fortune 50 corporations to leading technology companies. Marketplace is the company’s flagship product that connects in-house teams with Priori’s vetted network of lawyers. Today, Marketplace offers access to more than 8,000 lawyers at firms of all sizes in 50 states, 55 countries and more than 700 practice specialties.
Priori’s SaaS product, Scout, is an external consulting team management platform and is currently in beta with Hearst, Marsh McLennan, Zimmer Biomet, and a Fortune 10 company. More than 30 law firms, along with Orrick, Priori’s beta law firm partner, and 13 other Law 50 firms, have joined Scout to share attorney and firm-level information with clients.
About Priori Legal (‘Priori’)
Priori changes the way legal teams recruit, engage and manage outside counsel. Ranked a Chambers Tier 1 Global LawTech company and a Financial Times Intelligent Business, Priori’s innovative technology powers the two products that define the procurement of legal services. The Marketplace is a global platform that connects in-house legal teams with new talent from a global network of lawyers at firms of all sizes. Scout discovers insights into the relationships external consultants rely on to drive cost decisions and D&I initiatives. For more information, visit www.priorilegal.com.
Contact Information:
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Jill Black, Vice President, Marketing
[email protected]
713-560-9225
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