BanyanRFP

BanyanRFP is an online platform that enables corporate legal departments to make better counsel selection decisions. The proprietary application allows legal departments to configure RFPs for any type of legal engagement - from rate cards for counsel panels, to long term engagements or one-off matters.

Key financial metrics of proposals are calculated automatically and presented in dashboards and reports - allowing for side-by-side proposal comparisons with a single click. The platform enables real time competition by allowing users to disclose the metrics of competing proposals on an anonymous basis. What was once a messy, manual process is automated - allowing legal departments to get law firm information on rates and expected fees as well as expertise, experience and technology based efficiencies more quickly, while driving more transparent competition.