| |
Health Care Provider
Legalbill significantly reduces leading health care provider's legal fees and expenses.
Situation
A large national health care provider was involved in litigation that included multiple parties, cross complaints and damages, as well as an associated sharp and unexpected increase in outside counsel fees and expenses. However, the provider was unable to identify the cause of the increase and found it extremely difficult to manage the strategic aspect of the suit while continuing to contain costs.
The provider knew it didn't have the information necessary to analyze and make business decisions on the progress of the action, which was partially attributable to the non-standard billing practices of the law firm, as well as the complexity of the case. When the provider came to Legalbill, its objective was to identify and control the variables that contributed to the increase in fees and expenses, and to identify a more efficient strategic approach to the management of the case.
Solution
In order to achieve the client's objectives, Legalbill first processed the outside counsels' invoices using its fair and objective three-tier review process - objective peer review, and a relational database review based on client guidelines. The data gathered from this rigorous review process produced detailed billing trends of individuals, expenses and categories.
Legalbill then provided customized reports containing trend analysis of fees and expenses, a strategic assessment of the situation and associated recommendations, which would increase the efficiency of the management of the case.
Result
Using Legalbill's recommendations from the review and analysis, the provider found its current approach to be economically unfeasible, and that the matter could be litigated in a much more cost effective and simplified manner.
The health care provider's general counsel and the board of directors made a joint decision to restructure the direction and strategy of the pending matter based on Legalbill's recommendations - a decision which ultimately reduced outside counsel fees and expenses on the case significantly.
At Legalbill, client confidentiality is a business value we take very seriously. Therefore, without providing specific financial figures, we reference only the industries of our clients and provide a general overview of their situations, including Legalbill's recommended solutions and positive business results.
|
|
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.
|
|