Abstract: A Total Relative Value Platform may be provided. The platform may be used to quantitatively make comparisons between law firms and attorneys working on similar matters in the same or similar jurisdictions. The platform may take a set of data related to a selected legal team's performance on a matter and calculate a score representing the legal team's overall effectiveness in resolving the matter (a “GLI Score”). The performance data may include, for example, information indicating the time spent on various tasks, expenses, cost of resolving the issue, and whether the outcome was positive. In this way, it may be possible to compare the GLI Scores of various legal teams with respect to similar matters and determine which legal team is more likely to have a better future performance. Thus, the platform may allow entities to lower their legal costs and make better decisions in the hiring of outside counsel.

Abstract: A Total Relative Value Platform may be provided. The platform may be used to quantitatively make comparisons between law firms and attorneys working on similar matters in the same or similar jurisdictions. The platform may take a set of data related to a selected legal team's performance on a matter and calculate a score representing the legal team's overall effectiveness in resolving the matter (a “GLI Score”). The performance data may include, for example, information indicating the time spent on various tasks, expenses, cost of resolving the issue, and whether the outcome was positive. In this way, it may be possible to compare the GLI Scores of various legal teams with respect to similar matters and determine which legal team is more likely to have a better future performance. Thus, the platform may allow entities to lower their legal costs and make better decisions in the hiring of outside counsel.