Legal Vendor Management

Legal vendor management for in-house legal teams

Sourcing. Performance tracking. Collaboration.

Dazychain’s vendor management function is an effective, customizable tool for in-house lawyers to streamline outside counsel and legal panel management. This system helps your corporate legal department:

  • Make smarter sourcing decisions for external legal vendors, improve productivity and reduce costs
  • Streamline processes and communication with external legal teams
  • Manage internal clients, external counsel and outside counsel spend.

With Dazychain’s legal vendor management system, your in-house legal counsel can access a wealth of resources, such as vendor data, spend reporting and metrics to meet your organization’s needs.

Simplify Manage Legal Vendors

Cloud-based platform for outside counsel management

Vendor performance reporting

Configurable
workflows

Collaboration

Detailed
reporting

Streamlined administrative processes

Dazychain Capterra Rating

A cost-effective, time-saving solution for corporate legal departments to manage external counsel

Our legal vendor management system is a powerful tool that simplifies legal services. This comprehensive approach is designed specifically for legal departments in-house managing outside counsel, legal panels, firms, varied fee arrangements, and legal vendors.

Legal vendor management software

Get a 360-degree view of performance

Dazychain tracks vendor performance. The vendor management database provides data to enable you to evaluate the quality of your external legal partners and determine the best fit for your organization based on past performance. You can also build better engagement with providers by enabling transparency between all parties and providing detailed instructions from the outset.

  • Access and review law firm performance data to source the best external law firm or partners based on qualifications and performance history
  • Work with vendors who meet your standards and deliver results according to your requirements
  • Report on performance and external spend for transparency and due diligence at the touch of a button

  • Collaborate on matters, documents, data collection and commenting, and manage budgets, billing rules, and invoices from one platform
  • Ensure the short and long term success of your relationships with existing and future vendors
  • Set objectives, and provide visibility over engagements

  • External firms can access Dazychain’s cloud-based software with online training and no additional costs
  • Keep all documents in one place, monitor vendor compliance, and ensure providers adhere to quotes and instructions
  • Eliminate version control issues with a single source of truth

Counsel management software

Connect internal and external counsel

This state-of-the-art platform offers a wide range of features to optimize your legal functions and achieve greater ROI from every minute of your external legal team’s time. It streamlines administrative processes such as invoicing, contract management, and document sharing. It also facilitates better collaboration through seamless communication.

  • Ensure alignment and accountability within and between internal team and external counsel using configurable workflows
  • Collaborate in real-time on a virtual platform you can access from any location including document sharing, deliverable assignment and commenting.

  • Minimize waste using an intelligent, panel-based approach to selecting and managing external counsel
  • Track invoices and control spend by choosing law firms based on past performance

  • Secure confidential and sensitive files with security groups and enterprise-grade encryption
  • Share documents with internal and external team members without worrying about data breaches
  • Dazychain is ISO 27001 and SOC 2 certified backed by a secure Information Security Management System and team

“[Dazychain] gives you some rich data to provide to the business on where your value as a support function lies, and demonstrates your ability to align your activities to the organization’s strategy, principles and mission.”

Amber Kemp
Former General Counsel
Silver Chain Group

Legal panel management software

Find the best provider promptly

At its core, this cloud-based vendor database software serves as a centralized database that enables corporate legal teams to efficiently manage all aspects of their external legal business relationships. It provides a platform for creating panels of preferred suppliers, while storing information about your legal vendors, enabling you to compare based on cost, performance, and ratings.

  • Manage matters, firms, and panels with the click of a button
  • Intuitive, quick-to-implement, and easy-to-use panel management software
  • Set up panels of preferred suppliers in minutes, not days or weeks

  • Create different panels of preferred suppliers to suit the range of needs across the team
  • Assign matters to external preferred suppliers on your panel in a few clicks

  • Collect and analyze performance data of vendors based on metrics such as satisfaction ratings, response times, case outcomes, and cost-effectiveness.
  • Identify trends and patterns that impact operations to make informed and objective decisions

“Having a single point of communication with our solicitors means that we are always reading all communication and we know the most current information regarding a file. It is also fantastic to be able to know when solicitors have seen our instructions and have started work on the file.”

Bendigo and Adelaide Bank

Make your data work harder with Dazychain’s legal analytics platform!

Dazychain creates tangible client outcomes, for legal professionals and teams around the world. We streamline the management of complex matters, and provide detailed strategic reports and dashboards for decision-making. With our cloud-based platform, your in-house legal counsel can leverage the power of artificial intelligence to increase efficiency and keep pace with today’s complex, data-driven legal practice.

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See Dazychain in action

With Dazychain’s innovative platform you can…

  • Showcase your strategic value

  • Track, measure, and present every legal decision, regardless of its size

  • Highlight your invaluable contribution to the company’s growth and direction

  • Elevate your role with Dazychain as the spotlight that underscores your strategic prowess