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Consumer Service Company
Legalbill's solution helps a consumer service company redefine its litigation strategy and contain future outside legal costs.
Situation
A case that went to trial cost the client far more than forecasted, and this large consumer service company wanted to gain some perspective on the matter from a budgeting standpoint, understand why the trial cost more than originally planned, and learn how to prepare in the event that a similar matter in the future should require litigation.
Solution
Legalbill examined all outside counsel invoices using Legalbill's fair and objective three-tier process and associated budget components for each invoiced line item. The invoices were also reviewed and analyzed for "approved" versus "actual" billing rates charged by outside counsel, and "approved budget" versus "actual amount spent" for each budget component.
The data gathered from the Legalbill review yielded strategic and tactical analysis in the form of custom reports that detailed the rate summary of approved versus actual billing rates charged, as well as a comprehensive budget summary of the approved budget against actual spending.
Result
The general counsel took the information compiled using Legalbill's Review and Management Solution directly to the CEO and other senior level executives for further examination.
This data, along with Legalbill's strategic recommendations helped the company redefine its legal strategy for the future, while providing a clear and accurate representation of outside counsel fees and expenses and how to contain them.
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Legalbill provides a suite of solutions that will reduce legal costs, enhance the client/attorney relationship, increase operational efficiency, provide a strategic perspective on the state of your business, and ultimately increase profitability.
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