Calculating the Hidden Value of Compliance in Your Legal Bill Review Program

Calculating the Hidden Value of Compliance in Your Legal Bill Review Program

There exists both direct and indirect savings with a bill review function that is put in place to enforce outside counsel guidelines. While the direct savings achieved through line item adjustments is too often the focus, it is the indirect savings, and more specifically compliance resulting from behavior change, that produces the greatest value.

While direct savings is easy to calculate, measuring the indirect savings is downright challenging. The findings in this in-depth white paper will provide you with a methodology to trend, measure and value how much compliance you’ve been able to achieve with your legal spend management efforts.

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We’ve Seen Everything, So We Can See You Through Anything.

Managing law firms means managing spending. Yet to effectively manage and measure the work your firms are doing—and the dollars going out the door—you need to dive deep into every digit and detail behind every invoice. But who has the time and training to do it—and do it right?

At Quovant, we’ve spent more than two decades analyzing outside legal spend and performance, so you don’t have to. So we can help you beyond basic spend analytics to see exactly where you can save as well as what your firms are doing, who’s doing it best and where you can do better.

You’ll make informed choices, while cutting costs and complexity. And you can choose from our turnkey cloud solution, LegalBill, to manage matters and spending yourself or tap our experienced team and proven technology to do it all for you.

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