The haves and have-nots will always feel the difference when the topic is e-billing solutions in corporate legal operations. This digital transformation in managing outside counsel billing and invoicing provides critical efficiencies for the law department. Those...
The digitization of everything in corporate legal departments, and now with the advent of AI, means that the law department and outside counsel need to utilize legal e-billing software to streamline their financial operations. LEDES (Legal Electronic Data Exchange...
Benchmarking outside counsel hourly rates from one law firm to another provides beneficial insights for general and legal operations professionals who want to better drive legal spend strategy. The LexisNexis® CounselLink® 2024 Trends Report: Dynamics Shaping...
Legal department budgeting is enhanced with accurate forecasting and smart financial budgeting tools essential for law department stability. To that end, legal department budgeting not only aids in the financial and economic health of the law department but also...
Conducting a comprehensive financial analysis of spending trends in the legal department is a pivotal step towards optimizing resources and delivering exceptional value to the enterprise . Delving into the intricate details of legal department financial planning...
Managing legal spend without legal spend management software is impossible in today’s high-pressure law department. As budgets tighten and demand for legal services increases, legal operations professionals are challenged to find optimal legal spend management...
Legal spend management in the law department is the number one challenge facing the senior leadership team in a corporation. This pressure is not only confined to the legal department; it reaches finance and the C-suite, as well. While factors throughout the...
In the arena of legal department financial management, legal operations professionals must manage the critical aspects of operations, managing legal spend and budgets, tracking expenses, and ensuring compliance with financial regulations, to name a few. In this...
By Kris Satkunas and Stephanie Beck In legal operations, a two-fold everyday challenge centers around billing and legal spend management. Legal departments experience high volumes of invoices from outside counsel that should receive thorough review. Legal departments...
Legal spend management in the corporate law department occurs daily, mostly by legal operations professionals who manage the department’s budget. Most of the focus with legal spend management centers on outside counsel billings, partner rates or the hiring...
Legal department financial management improves when legal operations professionals consider using enterprise legal cloud solutions. In this blog, we will explore some of the tools legal operations professionals can use when managing the law department’s budget...