Initiation: 3/30/2010

Publication: 6/15/2010

Analyst: RMC

Contact Me When Report is Available

 

The Legal Electronic Data Exchange Standard, or LEDES, is well recognized as the sole initiative in creating and maintaining an open data standard for legal-related billing, budgeting, time keeping and other financial related information.  The LEDES standard is administered, maintained and developed by the LEDES Oversight Committee (LOC); the LOC is comprised of corporations and law firms, and e-billing solution vendors (software and service providers.)  LOC provides information through their website, although participation in LOC is by membership.

In addition, the Uniform Task Based Management System, or UTBMS, is a standards based coding scheme originated by the American Bar Association and the legal industry, is also under LOC's management. The LEDES and UTBMS are often considered together as a package of standard components in e-invoicing / e-billing solutions.

This New Research project, entitled Latest Development in LEDES and UTBMS Standards, reviews and discusses the latest LEDES / UTBMS developments.  The research and report will cover:

 

• A historical timeline of LEDES and UTBMS
• Description of how specialty practice areas are covered in LEDES and the UTBMS code sets
• A review of the current LEDES and UTBMS codes and how they are implemented
• A review of vendors currently using LEDES and UTBMS
• A discussion of future direction of LEDES and UTBMS under the LOC and within the legal industry

This project will be comprised of the following elements and schedule:

 

Market Research	3/30/2010 - 05/7/2010
Vendor Survey and Analysis	3/30/2010 - 5/21/2010
Trend View Report Available	06/15/2010
Briefing Webinar	06/30/2010

Interested in participating in this research?  Please Contact Us for more information.

This project is covered by our Policy on Confidentiality and Non-Disclosure for Research Participants.

Reports and other information published by Hyperion Research are the opinions of Hyperion Research. The information contained herein, comes from sources considered reliable, and is corroborated and checked when possible. Errors or inaccuracies may exist. Vendor related information may or may not come directly from the vendor itself. Reports are often the result of compiling information from multiple sources. We disclaims all warranties as to the accuracy, completeness or adequacy of such information, and shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof. The reader assumes sole responsibility for the selection of these materials to achieve its intended results. The opinions expressed herein are subject to change without notice. By accessing this document, whether free or for a paid fee, the user has acknowledged and agreed to this Disclaimer and Terms of Use. Copyright © 2009-10 - Hyperion Global Partners, Inc. All rights reserved. Reproduction of this publication in any form without prior written permission is forbidden.


About Hyperion Research

Hyperion Research provides independent market research and advisory services for the Legal industry, with a focus on the intersection of information technology and legal processes. We serve all stakeholders in the Legal market eco-system including corporations, law firms, professional service organizations, outsourcing providers, investors, consultants and solution vendors--any organization looking to improve their business or gain deep insight to the Legal market. Our analysts bring broad experience gained from working with and advising some of the world’s most highly regarded corporations and law firms. We are former attorneys, legal professionals and consultants, and have held senior management positions at leading technology vendors.

Our MarketView®, VendorView® and TrendView® reports provide independent, proprietary analysis of the latest thinking and solutions in the Legal industry. Please visit us at www.hgpresearch.com for additional information.