Apr 10, 2014

Exclusive: Pricing Revealed for Neudesic’s ‘The Firm Directory’

2 Comments · Posted by Robert Ambrogi in General

NeudesicIn a post here in February, I reviewed The Firm Directory from Neudesic Pulse, a product I described as like a law firm’s private LinkedIn. The product allows firms to create a searchable, internal directory that captures and manages information about its lawyers skills and proficiencies. It is targeted at larger firms of 200 or more lawyers.

At the time that I wrote that, a company spokesperson declined to specify the product’s pricing, saying only that it “varies based on a number of factors.” This week, Ramin Vosough, vice president of products at Neudesic Pulse, reached out to me to provide more specific information on pricing.

Currently, two pricing options are available, Vosough said:

  • A monthly subscription of roughly $3 per user per month. That number is an average based on a minimum of 200 users and can vary depending on total number of users and other factors.
  • A one-time license fee of $50 per user, for which volume discounts are available.

Since introducing the product at LegalTech New York earlier this year, Neudesic has seen a lot of interest in it from large law firms, Vosough told me. A number of firms are interested in it as a knowledge management tool for capturing and searching its lawyers’ skills and expertise.

As I mentioned in my earlier review, one firm that is using The Firm Directory is Reed Smith. I included a quoate from Reed Smith’s KM officer, Tom Baldwin, talking about the use of the product to capture knowledge. Vosough provided me with another Baldwin quote, this time talking about integration of lateral partners:

We make a significant investment in the acquisition of lateral partners so it’s imperative that we ramp up their integration into the firm and showcase their knowledge and experience in the most impactful way possible. We sell our knowledge, knowing as much as possible about our lawyers and serving it up in an intuitive way is paramount. With the Firm Directory powered by Neudesic Pulse we have the ability to uncover and promote our lawyers’ capabilities throughout the firm and to clients, maximizing cross-selling efforts and achieving better outcomes across the board.

To read more about The Firm Directory, see my original review.

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