Legal Solutions Group (LSG) Sample Profile
Founded in 2004, Legal Solutions Group (LSG), the “Company,” is an industry leader for enterprise legal management software through its Mercury ELM™ product. Headquartered in Miami, LSG serves clients in more than 50 countries and has offices in the US, London, and India. By maintaining a staff of over 70 experienced professionals, LSG is able to provide the full suite of legal technology capabilities for businesses looking to manage legal and non-legal vendor spend.
LSG provides enterprise legal management software, matter management software, legal e-billing software, and general insurance software. To date, the Company’s insurance software alone has saved clients over $1.2 billion USD through both time and combined operating ratio improvements. The Company also provides legal services, including legal bill review and residential conveyancing legal services.
By harnessing the power of artificial intelligence, machine learning, and cloud-based SaaS, LSG has established the leading edge of legal technology. Initially providing only legal bill review services in 2004, LSG has since expanded into a diverse range of industries including insurance, TPAs, legal, finance, construction, energy, consumer/retail and more. The Company’s versatile procure-to-pay electronic solutions have provided businesses with a streamlined way to receive, review and pay invoices in a way that maximizes the bottom line. Typical clients are medium and large enterprises, with a minimum of $10M of vendor spend per annum.
LSG is certified to the ISO 9001:2015 international standard, and also complies with SOC III and GDPR. For more information, you can visit LSG on their website here or you can email [email protected] to apply for a demo.
Financials – Revenue
2020E: $78M USD
2019A: $67M USD
2018A: $63M USD
2017A: $51M USD
Pricing – Insurance Software
|Vendor Spend Per Year||LSG Pricing, % of Spend|
|$10M – $49M (small)||1.00%|
|$50M – $99M (medium)||0.80%|
Setup costs: $10,000 USD for small and medium enterprises, $15,000 for large enterprises.