LegalSRM lets us analyse MI direct from your law firms, providing you with real performance metrics to deliver real cost savings.
Developed specifically for the insurance industry, our LegalSRM service is currently in use by global insurers and the main UK insurance law firms worldwide are already integrated with our technology, meaning you can be up and running to start realising significant savings almost immediately. We collect management information on law firms performance to give you a clearer insight of your legal spend, but more importantly, data on how your law firms are performing, the results they are achieving and where savings and improvements can be made.
We recognise that claims teams are frequently inundated with overwhelming amounts of spreadsheets and don’t have the time or the resource to spend appropriate time reviewing or actioning them, with our in-house claims litigation technology, LegalSRM, we can significantly reduce your expense ratio - frequently providing savings in the region of 6%.
With over 30 data points available to analyse we can help performance manage your law firms, saving you the time and the effort, while most importantly providing information on where efficiencies and significant cost savings can be realised.
You will receive real-time insights through our analytical dashboard for in-house reporting. A wealth of performance insights can be extracted from our market-leading technology to track the performance of panel law firms and TPAs to help you determine critical success factors for your law firms and claims teams, providing true performance metrics on everything from the claim lifecycle, average cost per claim value (type/claim) to your internal claims handling behaviour and overall speed of claims handling.
LegalSRM is our law firm performance management solution which enables us to collect managemnet information on law firm performance to give you a clearer insight of your external legal spend and where savings can be made. Our proprietary technology provides you with true performance metrics which can be used for in-house reporting.
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Coote O’Grady is a limited company registered in England and Wales.
Registered number: 10169973. Registered office: 14 Station Road, East Boldon, NE36 0LD
Winner European Women of Legal Tech 2020 – Caroline O’Grady
Runner-up in Legal Procurement Awards 2019 – Process Improvement Award
Winner of World Procurement Awards 2018 - Best New Consultancy Project
Winner Best Independent Financial Management Services 2021 - North East - SME News Legal Awards 2021!
We manage legal spend for some of the largest global organisations allowing us to provide unique insights into your spend - Find out how we can help you!