Corporate legal and risk services departments are facing increased pressure to control legal operations costs. However, General Counsel and risk managers often don’t have the resources they need to make data-driven decisions that will cut costs and optimize processes.
Most industry leaders would agree that being a lean legal operations team depends on clean data, but what most leaders overlook is that getting clean data starts with having clear billing guidelines. Billing guidelines are a pillar of legal spend management. If established correctly and managed consistently, they can help you better control costs associated with your matters.
This white paper covers three important factors to consider when setting up your organization’s billing guidelines.
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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 to manage matters and spending yourself or tap our experienced team and proven technology to do it all for you.
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