Andover, MA, April 22, 2013 (GLOBE NEWSWIRE) -- Sky Analytics, a leading provider of legal spend analytics for corporate law departments, announced today that it was retained by Davidoff Hutcher & Citron LLP in the TransGas Development Systems vs. DLA Piper matter. The matter gained national prominence after a front-page story in The New York Times on March 26. On April 18, Larry Hutcher, the lead lawyer for Adam Victor, the chief executive officer of TransGas Development Systems, announced that DLA Piper and Victor had reached a confidential settlement.
Under the terms of the settlement agreement, Sky Analytics is prohibited from disclosing any work product developed during its analysis.
"Let me simply say we were very impressed with Sky Analytics' work product and how quickly they were able to deliver those results," commented Joshua Krakowsky, an attorney with Davidoff Hutcher & Citron LLP.
Sky Analytics performs deep analysis on corporate legal invoices to allow corporations to more clearly understand their legal spend with outside counsel. The company is able to efficiently analyze millions of dollars of invoice data in any format, including paper, PDF and feeds from eBilling systems. Sky Analytics' web-based platform then highlights spending trends and anomalies via an easy-to-understand interface.
"Sky Analytics was founded on the premise that there is a great deal of useful, currently untapped information buried in law firm invoices," commented Sky Analytic's president, Doug Ventola. "It is gratifying to see Sky's services being used in a growing number of applications including the recent Transgas vs. DLA Piper matter."
For parties interested in seeing a demo of the Sky Analytics platform, please visit: http://www.skyanalytics.com/try-it.
About Sky Analytics
Sky Analytics provides corporate law departments with web-based tools and analytics to better manage outside legal spend. Sky Analytics' legal spend management solution is quick to implement and works with paper or PDF invoices or existing e-billing programs. Visit Sky Analytics online: http://www.skyanalytics.com / https://twitter.com/LawSpendClarity.
CONTACT: Chris Bullock 617-830-2124 x 103
Source: Sky Analytics