SYSTEMS AND METHODS FOR ANALYSIS OF LEGAL SERVICE PROVIDERS AND COMPARATIVE UNIT COSTS OR RATIO COSTS

Patent №

US 8,554,603

Granted

2013-10-08

Filed 2011

Owner

THE COUNSEL MANAGEMENT GROUP, LLC

Lab

AI components

4

nlp · kr · planning · hardware

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

13046213

Systems and methods for analyzing legal service providers and unit or ratio costs are provided. Billing data from legal services providers is analyzed to identify common tasks based on task codes. The common tasks are then analyzed to determine a unit cost or ratio cost for the tasks or a ratio cost for the tasks compared to the total costs for a matter. Analysis constraints are applied to the billing data to generate a cost model, which can be output in a variety of different graphical formats. This output, which identifying at least some of the total matter costs on a unit cost or ratio cost basis, allows for comparison of legal services provided by a number of different legal services providers. It also allows for comparing price quotes from a number of legal services providers against each other and against historical cost information.

AI classification

Planning0.99
Knowledge representation0.91
Natural language0.70
AI hardware0.52
Machine learning0.02
Vision0.00
Evolutionary computation0.00
Speech0.00

Ownership

THE COUNSEL MANAGEMENT GROUP, LLC

assignment · 264890363

Assignors

PAULMANN, FREDERICK HENRY, IV

On an employer assignment, the assignors are typically the inventors.

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