At its core, Laurel aims to revolutionize how lawyers and other professionals manage their billable hours. The system automatically collects and categorizes work-related activities throughout a user's day, across various applications and platforms they use. This passive timekeeping approach eliminates the need for manual time entries, significantly reducing the risk of errors and forgotten billable hours.
Laurel's AI technology goes beyond simple time tracking. It uses advanced natural language processing capabilities to understand and interpret the context of a user's work. This allows the system to not only track time but also to provide detailed descriptions of the work performed. The AI can categorize activities, associate them with specific clients or matters, and even suggest appropriate billing codes.
One of the key strengths of Laurel is its ability to learn and adapt over time. As users interact with the system, providing feedback and making adjustments, the AI becomes more accurate in its categorizations and predictions. This continuous learning process ensures that the system becomes increasingly tailored to each firm's unique needs and workflows.
Laurel integrates seamlessly with existing billing systems, allowing firms to maintain their current back-office processes while benefiting from more accurate and comprehensive time data. This integration capability ensures a smooth transition and minimal disruption to established workflows.
The platform also offers powerful analytics tools that provide insights into time utilization, productivity, and profitability. These analytics can help firms identify inefficiencies, optimize resource allocation, and make data-driven decisions to improve overall performance.
Laurel's user interface is designed to be intuitive and user-friendly. It provides a clear visualization of captured activities, allowing users to easily review, modify, and approve their time entries before submission. The system also offers features like work grouping, which automatically collects related activities (such as emails in the same thread or work on the same document) for easier review and billing.
For firms concerned about data security and client confidentiality, Laurel emphasizes robust security measures. The system is designed to comply with industry standards and regulations, ensuring that sensitive client information is protected.
Key features of Laurel include:
Laurel represents a significant advancement in legal technology, offering a comprehensive solution to the long-standing challenges of accurate time tracking and billing in professional services firms.