Legal Spend Management has significantly improved the productivity and visibility over invoices. However, Legal eXchange Explorer™ takes the review of legal invoices to the next level. A standard feature of Legal eXchange, Explorer enables bill reviewers to simultaneously analyze multiple invoices across the life of a matter or across an entire firm for advanced trend analysis. The tool’s flexibility supports different invoice review practices and various ways for users to proactively manage litigation and legal costs.
Through advanced filtering, Explorer’s data analysis capabilities enable the comprehensive review of legal invoices within the context of bill review best practices. With this data, it is easy to identify staffing trends, billing patterns and guideline non-compliance. This level of invoice analysis is particularly useful in the strategic management of expense and risk related to mass tort and other complex case litigation, where a firm could potentially bill against thousands of matters.
Other Key Benefits
- Reduces time spent reviewing invoices;
- Establishes and maintains best practice bill review processes;
- Enables easier identification of non-compliance with billing and case management guidelines;
- Provides advanced trend analysis capabilities; and
- Facilitates management of legal spend on complex matters.
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More than 6,000 law firms use Legal eXchange on a daily basis to submit electronic invoices to corporate legal and insurance claims department clients. Request our list of law firm users. |