Legal billing guidelines are rules that outside counsel must follow with regard to what they can and cannot invoice a client for.Â
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They set clear expectations on how firms and clients work together and may vary between business units, law firms and matters. Manually, these rules are practically impossible to accurately monitor. By automating invoice review and guideline compliance with e-billing software, an in-house legal department can save 5% of external legal spend in year one, and 2.5% in subsequent years[1].Â
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In this 40 minute video, Bryan King and Iain MacDonald will share some examples of billing guidelines, how to use and monitor them, and why. By calling on legal operations experience at Lloyds Banking Group and e-Billing expertise gained at Clifford Chance, Iain and Bryan respectively will give the in-house and law firm perspective on how useful these guidelines are in real life.
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[1]Â Building a Business Case for e-Billing BusyLamp, 2018