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Legal Spend Management Executive Insight Series
Authored by Bottomline's on-staff Legal Spend Management experts, this series of executive briefs is aimed at helping Corporate Counsel leverage technology for greater efficiency, insight, and control of outside legal costs and services. Each topic paper provides insight into emerging trends and offers timely discussions of the issues shaping our industry.
What is Legal Spend Management? (PDF - 201KB)
As outside legal costs climb, corporate law departments are reacting by adopting a practice of Legal Spend Management – a holistic view of planning, processing and measuring outside legal costs. This paper describes how technology-driven LSM is changing the landscape of corporate client and outside counsel relations.
The Basics of Legal e-Billing (PDF - 201KB)
Electronic billing is at the core of Legal Spend Management. This Executive Insight offers a primer on the fundamentals of e-billing, examining why and how companies implement it as a first step towards process efficiency and cost control.
Optimizing Outside Counsel Relationships (PDF - 225KB)
Most corporations have billing guidelines designed to ensure their outside counsel serve them effectively, but few achieve the compliance they'd like. This Executive Insight examines best practices in billing guidelines and offers a jump-start primer to dramatically enhance law firm service.
Budgeting and Legal Spend Management (PDF - 74KB)
This Executive Insight provides corporate counsel and claims departments with information on how collaborative budgeting capabilities can provide a platform for strategic litigation planning, bringing predictability – and significant cost control – to the notoriously uncertain world of legal expense forecasting.
Benchmarking Survey - What We Learned (PDF - 99KB)
Bottomline recently commissioned a study of major corporations to see how they are handling the data extracted from their outside counsel invoices to facilitate benchmarking. This Executive Insight offers the highlights of that survey, noting key insights and translating them into a roadmap for those interested in implementing or refining their performance measurement systems.
Best Practices of an E-billing Implementation (PDF - 91KB)
For an increasing number of corporate legal and insurance claims departments, the ability to measure legal spend finds its roots in electronic billing. This report examines best practices for achieving optimal results in your e-billing implementation.
Legal Spend Management and Paper Invoicing (PDF - 71KB)
By coupling paper invoice data capture with robust legal spend management solutions for e-billing, matter-tracking, budgeting and reporting, companies can reap the benefits of electronic invoice management for every dollar of legal spend. This Executive Insight examines how fully electronic invoice management can now capture 100% of invoice data, and how it is being used to expand the scope of Legal Spend Management strategies.