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Making the Business Case for a Legal Spend Management Program

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A legal spend management program is often the best way for self-insured organizations to keep legal costs under control and ensure they only pay what they owe on legal invoices.

That sounds great on the surface, but how can you even begin to predict the value of a legal spend management program so you can build the business case for implementing one?

Law firm billing errors persist for a number of reasons:

  • Simple mistakes
  • Unfamiliarity with billing guidelines
  • Sometimes, even over agressive billing

Average annual cost of cybercrime in the financial services industries is $20.8 million. What you can do to win the fight

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