Legal Bill Review Frequently Asked Questions (FAQs) from Procurement
Procurement teams focus on cost control, vendor management, and contract compliance. This section covers how LegalBillReview.com helps organizations optimize legal spend, ensure billing accuracy, and enforce outside counsel guidelines. Our seamless, no-risk solution integrates with your existing procurement processes to drive measurable savings.
Frequently Asked Questions (FAQs) from Procurement
Our Legal Department manages the relationship with outside law firms directly and very closely. How does your involvement affect the relationship?
We work directly with your existing outside law firms to ensure your stakeholders in legal maintain their relationships. In fact, since we work with most of the Am Law 200 law firms, we may already have an operational relationship with your law firms. We show the law firms that their willingness to correct unreasonable or incorrect charges allows LegalBillReview.com to confirm to all of the client's stakeholders that the law firm delivered full and fair value. Consistent confirmation of value from a law firm will likely earn that firm a client for many years to come.
We already reviewed all invoice costs; how can you save us money?
We focus on attorneys’ hours, not their rates. Many attorneys must meet annual billable hours quotas, which gives them an incentive to record more hours per client. So we look at each task from a value and efficiency standpoint, and ensure that sufficient detail was provided to document the work done. We also monitor for a variety of other factors that may impact whether the charge should be allowed: considerations such as whether it was handled by the appropriate level of staff, whether it was duplicative of any other work documented on the bill (whether by the same attorney or another), and even whether the task was billable in the first place.
Isn’t there an automated way to review bills via software or e-billing?
Not with nearly the same level of detail and rigor as a direct, human review. Software is good at catching simple mathematical inconsistencies, or keywords, but law firms are crafty and know how to make superficial changes to billing narratives in order to avoid those keywords that would invite scrutiny from a purely automated review. LegalBillReview.com’s human-centered approach is not susceptible to these tactics. Our analysts’ direct experience practicing law is a valuable resource that contributes to their ability to assess the overall value and reasonableness of a law firm’s work, and to review it accordingly.
According to a recent survey of in-house counsel, 89% of legal e-billing software users find it “not effective” or only “somewhat effective” in reducing their monthly spending on outside counsel. LegalBillReview.com’s detailed, human review can fill the gap left by a purely automated solution.
Moving to LegalBillReview.com requires no internal resources in order to realize savings. And, in fact, it significantly reduces your internal administrative burden. LegalBillReview.com handles the bill review, adjustments, appeals, , and the approval process, and then sends a payment authorization with the correct cost-center codes in "ready-to-enter" format. No more chasing down legal team members to determine the correct cost allocation. If the amount billed exceeds the value delivered, LegalBillReview.com cooperatively works with the law firm to adjust their bills to the correct amount.
How much work or validation do we need to do in order to realize hard dollar cost reductions with our legal partners?
How much does your service cost?
There is no setup fee to get started. Our fee is a fixed percentage of the total dollar amount of the bills we review, but since there is a Performance Guarantee, your adjusted bill plus our fee will never exceed your original bill amount – and will usually be much less.
How can I see or validate spending, savings, and LegalBillReview.com fees?
You can actively monitor spend reductions with active LegalBillReview.com client dashboards and dynamic reporting. This not only provides you transparent access to cost reduction metrics, but will enable you to govern and control the data to enforce budgets, minimize continuous billing errors, and drive compliance within your law firms and organization.
If your organization is conducting an RFP for legal spend management or cost reduction services, LegalBillReview.com can provide a detailed proposal tailored to your needs. Simply reach out to our team with your RFP requirements, and we’ll supply a comprehensive response, including our service details, pricing structure, and expected savings outcomes. Contact us at info@legalbillreview.com or submit your request through our RFP Submission Form to get started.