Priori’s Outside Counsel Decision-Making Platform, Scout, Honored for Its Innovation in Legal Technology
Priori Legal, the leading legal marketplace for in-house legal teams, is proud to announce it received the New Law Company of the Year award at the 2023 Legalweek Leaders in Tech Law Awards. The New Law Company of the Year award highlights the power of Priori’s technology, particularly its new outside counsel decision-making platform, Scout, which received the award, and the industry-changing difference the company is making in using data to change how outside counsel resourcing decisions are made. Additionally, Priori was named as a finalist in three other categories, including Legal Operations, Championing Diversity in Tech and Innovators of the Year for Priori Co-Founder and Chief Product Officer Mirra Levitt.
“We’re honored to be recognized as New Law Company of the Year,” commented Basha Rubin, CEO and Co-Founder of Priori. “In-house teams make outside counsel hiring decisions without the benefit of robust data, which can lead to unsatisfactory results, slow progress on diversity and higher costs. We’re excited to provide a technology platform that improves the process for in-house legal departments with both our Scout and Marketplace products, and gives law firms access to the right opportunities. Our clients are finding new ways to solve their legal problems and save on costs and this award emphasizes that success.”
The New Law Company of the Year award comes on the heels of a year of growth for Priori. In 2022, its flagship Marketplace product grew its Fortune 100 client base by over 50% and expanded its reach to 70 countries, saving those global companies 40-75% on average compared to other outside counsel options. Priori also implemented its award-winning product, Scout, across many corporate legal departments, including Hearst, Marsh McLennan and Zimmer Biomet. Scout onboarded 45 law firms, including five of the AmLaw 15 and nearly 25% of the AmLaw 100. Hearst anticipates Scout will save their legal department 325 hours annually.