Lysp

Lysp is an AI-driven billing platform that integrates with existing legal tools to automatically track time as work is performed. It generates detailed draft invoices, filters out non-billable activities, and ensures compliance with client billing guidelines. When discrepancies are detected, the system applies corrections before invoices are finalized and sent, reducing the risk of rejected bills and administrative back-and-forth.

AI-Powered Invoice Automation

• Case Summary → Bill:Lysp processes narrative case summaries—drawing from your firm’s historical billing data and patterns—to generate draft invoices that adhere to legal industry standards.
• Pre‑bill Review: AI offers an initial draft, but you retain full control—reviewing, adjusting, and approving final invoices with ease. 

Compliance & Transparency

• Built‑in ABA Alignment: Ensures invoices meet standards set by the ABA Model Rules and are structured clearly for external counsel or billing auditors.
• Supports Multiple Billing Models: Includes alternative fee arrangements (AFAs), fixed-fee, and subscription-based models. 

Financial Insights & Payment Tracking

• Real-Time Dashboard Metrics: Offers an at-a-glance view of revenue health, invoices outstanding or overdue, collection rate improvements, and key financial KPIs.
• Payment Status Monitoring: Tracks whether invoices are paid, unpaid, or overdue, helping firms respond promptly to outstanding balances.