Foundation Scoping
Acquired by Litera on Apr 14, 2021
Foundation Scoping is part of Litera's finance and pricing product line, built for law firms that need better visibility into matter economics. The platform draws on a firm's own time entry and matter data to support day-to-day decisions around scoping, staffing, and budget management.
Key Features & Functions:
Time Entry Processing
Foundation Scoping applies natural language processing to law firm time entry narratives, automatically categorizing tasks and matter phases without requiring manual coding of timekeeper entries.
Budgeting and Pricing
The platform uses historical matter data to support budget forecasting and matter pricing, including the structuring of alternative fee arrangements based on prior performance on similar matters.
Matter Oversight
Foundation Scoping centralizes budget tracking and out of scope work notifications across a firm's matters, supporting legal project management at scale.
Practice and Client Analysis
The platform provides analysis of practice area profitability and time spent on specific activities, along with client relationship data broken down by profitability and staffing.
Clocktimizer was co-founded by Pieter van der Hoeven and Bram Fokke in the Netherlands in 2014 and was acquired by Litera in 2021. The name was changed to Foundation Scoping in March 2025.
Funding Information:
Litera has raised a total of $102M in funding over 5 rounds. Their latest undisclosed amount of funding was raised in November 2021 from a Private Equity round.
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