| How can a corporate law/risk management department begin to reduce its outside legal spend? |
| The first step toward reducing legal spend requires the adoption of benchmark guidelines and systematic monitoring of legal invoices. |
| How can a corporate law/risk management department begin to reduce its outside legal spend? |
| The first step toward reducing legal spend requires the adoption of benchmark guidelines and systematic monitoring of legal invoices. |
| Is Legalbill an e-billing company? |
| Legalbill views e-billing as the most elementary component of its methodology. |
| How is the Legalbill approach different? |
| The Legalbill methodology is centered on the core belief that experienced legal professionals should objectively, professionally and contextually review the invoices of law firms presented in universally flexible common language. |
| Do you use task-coding? |
| Legalbill’s methodology has the flexibility to use task-coding. However, our historical experience as well as law firm input demonstrates that most time keepers required to use task coding limit their use to no more than six to ten code designations. This results in less than accurate descriptions of the work performed, negating any actionable use of the information contained in the invoice. |
| What if we believe our law firms are billing us at appropriate levels? |
| Legalbill has never found a company where all law firms were billing at appropriate levels, even when those companies were using e-billing vendors. |
| How can we determine the effectiveness of the Legalbill solution? |
| Legalbill offers, at no cost, a trial review and analysis of a representative amount of your prior legal spend. The information and analysis from the trial will be presented in a face-to-face meeting with key personnel from your company. |
| How long will it take to implement Legalbill services? |
| The size and complexity of the client as well as the availability of needed information generally determine the time frame for implementation. Legalbill has a consultative roll out process to assist with the necessary steps and integration with systems and processes currently in place. Many clients can be implemented in 30 days. |
| How are invoices submitted to Legalbill? |
| Invoices are submitted directly to Legalbill via e-mail or uploaded to our secure webserver. Legalbill accepts paper invoices and multiple bill formats, including XML, LEDES, text or Word documents, spreadsheets, PDF or TIFF and zip files. |
| Does Legalbill accept paper invoices? |
| Yes. We are the only company in the industry with the capability of processing paper invoices on a scalable basis at no additional cost. |
| Can I expect to pay start-up costs if I use your services? |
| Legalbill has no start-up costs for clients or their law firms. |
| Are Legalbill services still valuable if my company does not have a lot of legal expenses? |
| Yes. The methodology works the same for small spend amounts as well as large amounts. |
| What reduction in outside legal spend have other Legalbill clients experienced? |
| Historically, our clients have seen an average of 8 to 10 percent net reduction through compliance adjustments over the first two years. |
| Will overall reductions diminish over time? |
| Legalbill’s experience demonstrates that compliance adjustments taper to 3 to 5 percent after the first two years. However, overall reductions will continue as a result of actionable information provided through our cutting edge business intelligence solution. |
| What is the benefit of Legalbill’s business intelligence solution? |
| The Business Intelligence solution delivers actionable information to clients through customized reports and data analysis. This information enables them to manage matters proactively and avoid unnecessary legal spend. |
| How does the Legalbill business intelligence solution differ? |
| Legalbill’s experienced analysts first help the client identify the appropriate questions to ask. This consultative approach allows for customized and dynamic reporting on a periodic and ad hoc basis. |
| Is there an additional charge for the Business Intelligence Solution? |
| No, all Legalbill solutions are inclusive in our pricing structure. |