Thomson Reuters Legal Tracker helps in-house legal teams improve financial performance and efficiency by optimizing management of outside counsel spending. A Forrester Consulting study based on a composite organization showed strong returns, including $3.79 million in total benefits over three years and a net present value of $2.99 million, with a payback period of less than six months. With $1 billion in annual revenue, $50 million in legal spend, and 55 department employees, the organization achieved notable cost savings, particularly through reduced timekeeper rates. Overall, Legal Tracker enables better cost control, faster ROI, and improved financial visibility for legal departments.

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