Huron Consulting Group Acquires Sky Analytics
Acquisition Combines Huron Legal’s Law Department Cost Management Offering with Legal Analytics
“Analytics provide an opportunity to improve law department performance,
both in financial management of legal matters and outcomes for general
counsel, while also reducing costs and driving efficiency. The Sky
Analytics acquisition combines legal spend analytics with Huron Legal’s
existing law department offerings,” said
Sky Analytics provides in-house legal departments with a web-based platform to access on-demand legal spend information and analytics. The platform provides a snapshot of legal matters handled by outside counsel and other vendors as well as access to similar information provided by other participating companies for purposes of benchmarking. The dashboard also offers legal departments key performance indicators and trend metrics which can be flexibly analyzed, including by time frame, practice area and business unit. Sky Analytics’ law firm scorecards measure and benchmark specific activities of law firms and lawyers, including rates, billing practices, staffing and matter efficiency.
“Since our founding, we have worked to bridge the gap between e-billing
providers and consulting services and provide an unprecedented level of
transparency to corporate law departments,” said
“Sky Analytics has altered the playing field in legal spend benchmarking
and analytics by transforming data into real-time actionable
intelligence that law departments can use to manage spending and make
more informed decisions,” said
The acquisition will result in Sky Analytics’ executive, technical and
sales professionals joining the Huron Legal team.
About Huron Legal
Huron Legal provides advisory and business services to assist law departments and law firms to enhance organizational effectiveness and reduce legal spend. Huron Legal advises on and implements strategy, organizational design and development, outside counsel management, operational efficiency, and discovery solutions, and provides services relating to the management of matters, contracts, documents, records, digital evidence and e-discovery. Huron Legal is not a law firm; it does not offer, and is not authorized to provide, legal advice or counseling in any jurisdiction. Learn more at www.huronconsultinggroup.com/legal or follow us on Twitter: @HuronLegal.
About
About Sky Analytics
Sky Analytics provides corporate legal departments with web-based tools and analytics to better manage outside legal spend. Sky Analytics' legal spend management solution is quick to implement and works with paper or PDF invoices or existing e-billing programs. Visit Sky Analytics at http://www.skyanalytics.com or on Twitter: @LawSpendClarity.
Statements in this press release that are not historical in nature,
including those concerning the Company’s current expectations about its
future requirements and needs, are “forward-looking” statements as
defined in Section 21E of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”) and the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are identified by words
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“might,” “predicts,” “seeks,” “would,” “believes,” “estimates,” “plans”
or “continues.” These forward-looking statements reflect our current
expectations about our future requirements and needs, results, levels of
activity, performance, or achievements, including, without limitation,
current expectations with respect to, among other factors, utilization
rates, billing rates, and the number of revenue-generating
professionals; that we are able to expand our service offerings; that we
successfully integrate the businesses we acquire; and that existing
market conditions continue to trend upward. These statements involve
known and unknown risks, uncertainties and other factors, including,
among others, those described under “Item 1A. Risk Factors” in our
Annual Report on Form 10-K for the year ended
Source:
Huron Consulting Group
Media Contact:
Jennifer Frost
Hennagir
312-880-3260
jfrost-hennagir@huronconsultinggroup.com
or
Investor
Contact:
C. Mark Hussey
or
Ellen Wong
312-583-8722
investor@huronconsultinggroup.com