An All-In-One solution to all your legal invoicing worries, check this out to know how ALB can help your firm increase its profit margin in no time.

1. THE
COMPREHENSIVE
SOLUTION TO ALL
YOUR LEGAL
INVOICING ISSUES
www.accuratelegalbilling.com

2. Owing to numerous non-compliances with their clients’
specific billing guidelines, law firms across the world are
suffering from severely delayed invoice payments,
countless reductions on their invoices, having to write-off
many billable hours, all of which consecutively lead to poor
cash flow and decreased profit margin for these firms.
THE
PROBLEMS
An extensive study revealed that in the US, the average
reduction on legal bills imposed by bill review vendors is
6%. Inefficient billing practices leading to many billing
errors, along with outdated billing techniques are the main
reasons why law firms find themselves unable to generate
and submit invoices that are entirely compliant with each of
their client’s billing guidelines.

3. insurance companies and corporations have not only updated their technology to review
bills thoroughly, they have also started availing the services of expert legal bill review
vendors who aggressively work to ensure that every single entry in each invoice submitted
to their clients are devoid of any deviance from the billing guidelines and without any errors
whatsoever. Only entries that pass this scrutiny are approved for for payments.
ADDITIONALLY,
This places a tremendous amount of stress on the billing departments of the law firms as
well as their timekeepers, as when the invoices come back following review, what follows is
a prolonged back and forth between the billing departments and bill review vendors. This is
typically followed by the billing clerks having to chase down individual timekeepers for
clarifications on their line entries.

4. that most law firms face is poor budget forecasting and this
problem stems mainly from the fact that it is not practically
possible for law firms to maintain their legal spend within their
predetermined budget set for a particular case. This results in the
reserves for the case being eroded before the firms realise this,
and the subsequent wait for the replenishment of reserves is
rather long.
ANOTHER ISSUE
of the above occurrences, the firm suffers from the loss of several
otherwise productive hours and manpower, that could’ve been
better invested in bringing more revenue for the firms.
AS A RESULT

5. THE
SOLUTION
Luckily for the law firms and thanks to the
ever-expanding horizons of technology,
there is a one-stop solution for all of your
firms’ cash flow problems resulting from
inefficient billing practices.

6. ACCURATE
LEGAL
BILLING
INC,
was founded with the singular mission of helping law
firms improve their cash flow, increase their profit
margin and increase their overall billing efficiency.
This is achieved by providing law firms with an AI
enabled legal time tracking and invoicing platform
that is enriched with various features that
cumulatively guarantee that every invoice prepared
by your firm is always 100% compliant with each of
your client’s specific billing guidelines.

7. THE ALB
PLATFORM
has been created using advanced machine
learning technology that allows the platform to
study information from every billing guideline
provided to us by you. This ensures that when
your timekeepers capture their daily activity,
ALB’s automated bill review feature analyses
each entry to check for compliance with the
corresponding guidelines and provides options
for you to make suitable amends as suggested
by the system that guarantee that every entry
that goes into the invoice shall face no
reductions on accounts of non-compliance.

8. THE ALB ADVANTAGES
WHEN YOUR FIRM JOINS HANDS WITH ALB, YOU ENJOY THE
FOLLOWING BENEFITS:
Guaranteed 100% Compliance with Each of Your Client’s
Billing Guidelines.
Accelerated Payments Occurring as a Result of Error-Free Invoicing.
Minimal to Zero Reductions on Invoices.
Cloud Based: Accessible Anywhere, On Any Device.
Improved Cash Flow and Increased Profit Margin.
Improved Client Relationships.
Increased Billing Efficiency.
Individual Claim Budget Tracking Tools.
Conversion of Invoices to Standardised Formats (LEDES98B,
XML 2.0, XML 2.1, Chubb, etc.)
Decrease in Write-Offs

9. Decrease in the Loss of Billable Hours.
Integration with LawPay for quick and easy transactions.
Integration with Google and Outlook Calendars.
Easy Implementation, Integration with Your Existing Case Management Software and
Migration of Data from Your Current Software to ALB.
2-3 Free Annual Training Sessions for Your Firm’s Timekeepers.
Intra-firm Communication Tools.
Constant Online/Offline Support.
Expert Consultation Provided by ALB Experts to Strategize Your Firm’s Financial Growth.
Law Firm Performance Metrics and Financial & Accounting Metrics

10. OUR MISSION/VISION
To help law firms across the world improve their cash
flow, increase their billing efficiency and increase their
profit margin, by easily capturing their daily activities,
preparing and submitting invoices that are 100%
compliant with their clients’ billing guidelines.
For more information, please visit our website at
www.accuratelegalbilling.com
To schedule a demo with us, visit:
www.accuratelegalbilling.com/schedule-a-demo