Umbria Budget, Pricing and Business Intelligence Product Achieves Impressive Growth in First 7 Months, Including Adoption by 9 of the AmLaw 100

Umbria Budget, Pricing and Business Intelligence Product Achieves Impressive Growth in First 7 Months, Including Adoption by 9 of the AmLaw 100

Prosperoware customers who have deployed Umbria include: Sheppard Mullin, Steptoe, Miles & Stockbridge, and Bilzin Sumberg

Philadelphia, PA – January 21, 2016 – Prosperoware, a leading enterprise software company delivering innovative technology that connects the business with the practice of legal and professional services, today announces 11 new customers, including a 60% growth jump in Q4 2015, for the company’s Umbria Budgeting, Pricing, and Business Intelligence customer base since the time of its launch in May 2015.  The impressive adoption rate over the first 7-month period of availability reflects 9 new customers from the AmLaw 100, including Sheppard, Mullin, Richter & Hampton LLP and Steptoe & Johnson LLP; other customers include NLJ 350 firm Miles & Stockbridge P.C. and regional powerhouse Bilzin Sumberg.

The legal industry has undergone—and will continue to undergo–a massive shift in client expectations:  clients today demand high-quality legal services delivered efficiently, economically, and most importantly, predictably.  For many firms, this has created a meaningful drop in demand, requiring leaner organizations with fewer support staff and tighter margins. Against this new reality, firms are struggling to meet the challenge of the new market mandate with their legacy infrastructure.

With Umbria Pricing, Budgeting, & Business Intelligence, Prosperoware has extended its process improvement expertise to the core of a firm’s business requirements with enterprise-scale, business-critical solutions. Specifically, Umbria increases client value with metrics-driven fee predictability and gives professionals greater visibility into the full economics of engagements.

Firms such as Steptoe are using this data to enhance their client delivery model by making informed decisions on staffing matters and managing to budgets. “Umbria plays a critical role in enabling us to competitively price and manage our matters,” states Linda Novosel, Chief Pricing and LPM Officer at Steptoe. “Based on our clients’ needs for fee certainty and greater transparency, this tool is a key component of delivering exceptional client service.”

Umbria functions as a core platform that connects law firm leadership and attorneys with their business development, pricing, finance, and human resources teams—allowing the firm to work in a more integrated manner.  Umbria puts this up-to-date, highly integrated information about clients and matters at the partners’ fingertips by giving them access to a modern web application with a dashboard or by delivering alerts to their email.

Keith Lipman, President of Prosperoware, comments, “To succeed, the industry’s most forward thinking law firms are meeting and exceeding the changes in the legal market with a shift in their business model in terms of pricing, service delivery, resourcing and more.  Prosperoware is the enterprise-level infrastructure built for that success.  We are as excited as we are pleased by the achievements of our clients and look forward to more.”

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