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Legal Management Software

Overview

ProcurementIQ’s Legal Management Software Procurement Research Report is a comprehensive guide to purchasing Legal Management Software. This report offers strategic analysis of the factors influencing purchasing decisions, including price trends and three-year forecasts, input costs and demand factors, along with key suppliers and an analysis of the extended supply chain. Armed with the right procurement intelligence, your company will be able to make educated purchasing decisions.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Legal Management Software - Recent Price Trend

The price of legal management software has been declining at an estimated annualized rate of 0.5% during the three years to 2018. Although demand has been rising, strong competition among providers has pushed market prices downward, especially as new vendors have begun offering low-cost solutions. As market prices have declined, buyer power has increased.Competition has risen during the past.

Legal Management Software - Total Cost of Ownership

Total cost of ownership for legal management software is high. Buyers should therefore expect to spend more than 100.0% of the benchmark price in additional costs. In general, high total costs of ownership is detrimental to buyers because it makes it more difficult for them to budget for purchases.Buyers typically face high implementation and training costs for legal management software. As part.

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About this Report

This report is intended to assist buyers of legal management software, which is also known as practice management software or case management software. Legal management software helps law firms manage their business records, billing, schedules and appointments. It also assists in the management of caseloads and documents. Typical buyers include commercial law firms, as well as civil negligence, personal injury and real estate law firms. This report excludes legal research services and e-discovery software.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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