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Legal Fee Advisors © 2015
Billing Guidelines Services:
Fair, Clear Billing Rules = Efficient
Legal Billing
About us: Legal Fee Advisors combines unique
attributes to outperform others. How are we
different?
►Specialists in legal bill cost control: Legal bill monitoring and cost
control is Legal Fee Advisors’ core business, not one of many
departments. We do not sell software or other products. We
create positive change.
►Attorneys who understand legal billing from decades of
experience - we are not bill cutters: Many legal billing consultants
are not attorneys, and have no direct experience with legal billing.
We have been in the trenches for decades. We are insiders. We
prefer joint efforts with law firms and create “buy in” with firms to
create efficiency.
►Concentration on why bills are inefficient – not just on measuring
data points: Many non-attorney legal billing consultants don’t
know why legal billing may be uncontrolled from their own
experience. We provide answers: billing issues can be stopped at
the root cause: attorney behavior.
Legal Fee Advisors’ specialists provide unique insight into the root
causes of billing efficiency – and the best way to fix the problems.
Client Challenge: How to Create Reasonable, Effective
Billing Standards?
Solutions:
1. Focus on Areas of Reasonable Agreement: Many fair-minded
firms agree on common sense standards. Firm buy-in is crucial.
2. Focus on Standards that Create Real Efficiency and Savings:
Concentrate on standards that make an economic difference.
3. Focus on Standards that Create Transparency: Require that
billing entries are clear, fairly describing the value to the client.
4. Focus on Standards that can be Monitored with Clarity: The
best standards are clear, flexible and easily enforced.
5. Benefit from Industry Best Practices and Cooperation: Legal
Fee Advisors knows how to get results, maximizing the
effectiveness of e-billing.
Conclusion: LFA helps clients efficiently create billing
standards that work
Two Options:
Pre- Set Guidelines
or
Customized Guidelines
Pre-Set Guidelines
• Ready to use: client and counsel
execute in conjunction with basic
retainer agreement.
• Promotes efficiency, clarity and
transparency.
• Gives clients control over the
billing process.
Customized Guidelines
• Legal Fee Advisors available to
customize Billing Rules to client
specifications.
• Work best for corporate clients
and large, complex engagements.
• Can be paired with Legal Fee
Advisors’ bill monitoring services.
Pre-set common sense billing rules that
work:
Corporate Standards:
• Take advantage of billing rules
that track the best practices of
corporate America
• Easily available for one basic price
• A reasonable starting point for
individuals and small businesses.
Customized Billing Rules:
The best choice for corporate clients and
individuals with long term litigation:
• Can be customized to each client’s individual needs.
• Coordination with a Company’s e-billing system is
available;
• Can be designed to cut down on unnecessary detail:
only the most important billing issues addressed;
• Can be purchased in conjunction with discounted
bill monitoring services – saving corporate clients
valuable time.
Representative Clients
•Humana
•Telephone & Data Systems, Inc.
•Universal Music Group
•WL Gore
•Intuitive Surgical
•JC Penney
•KB Home
•Regions Financial Corporation
•Washington Mutual
•Credit Suisse
•Continuant
•Marsh [Bermuda]
•The NFL
•Fidelity National Financial
•Lloyds Underwriters
•Johnson Matthey
•BAE
More Information?
Contact Information:
info@legalfeeadvisors.com
877.664.0020
41 E 11th St., 11th Floor
New York, NY 10003
legalfeeadvisors.com

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Billing guidelines ppt[1 14]

  • 1. Legal Fee Advisors © 2015 Billing Guidelines Services: Fair, Clear Billing Rules = Efficient Legal Billing
  • 2. About us: Legal Fee Advisors combines unique attributes to outperform others. How are we different? ►Specialists in legal bill cost control: Legal bill monitoring and cost control is Legal Fee Advisors’ core business, not one of many departments. We do not sell software or other products. We create positive change. ►Attorneys who understand legal billing from decades of experience - we are not bill cutters: Many legal billing consultants are not attorneys, and have no direct experience with legal billing. We have been in the trenches for decades. We are insiders. We prefer joint efforts with law firms and create “buy in” with firms to create efficiency. ►Concentration on why bills are inefficient – not just on measuring data points: Many non-attorney legal billing consultants don’t know why legal billing may be uncontrolled from their own experience. We provide answers: billing issues can be stopped at the root cause: attorney behavior. Legal Fee Advisors’ specialists provide unique insight into the root causes of billing efficiency – and the best way to fix the problems.
  • 3. Client Challenge: How to Create Reasonable, Effective Billing Standards? Solutions: 1. Focus on Areas of Reasonable Agreement: Many fair-minded firms agree on common sense standards. Firm buy-in is crucial. 2. Focus on Standards that Create Real Efficiency and Savings: Concentrate on standards that make an economic difference. 3. Focus on Standards that Create Transparency: Require that billing entries are clear, fairly describing the value to the client. 4. Focus on Standards that can be Monitored with Clarity: The best standards are clear, flexible and easily enforced. 5. Benefit from Industry Best Practices and Cooperation: Legal Fee Advisors knows how to get results, maximizing the effectiveness of e-billing. Conclusion: LFA helps clients efficiently create billing standards that work
  • 4. Two Options: Pre- Set Guidelines or Customized Guidelines Pre-Set Guidelines • Ready to use: client and counsel execute in conjunction with basic retainer agreement. • Promotes efficiency, clarity and transparency. • Gives clients control over the billing process. Customized Guidelines • Legal Fee Advisors available to customize Billing Rules to client specifications. • Work best for corporate clients and large, complex engagements. • Can be paired with Legal Fee Advisors’ bill monitoring services.
  • 5. Pre-set common sense billing rules that work: Corporate Standards: • Take advantage of billing rules that track the best practices of corporate America • Easily available for one basic price • A reasonable starting point for individuals and small businesses.
  • 6. Customized Billing Rules: The best choice for corporate clients and individuals with long term litigation: • Can be customized to each client’s individual needs. • Coordination with a Company’s e-billing system is available; • Can be designed to cut down on unnecessary detail: only the most important billing issues addressed; • Can be purchased in conjunction with discounted bill monitoring services – saving corporate clients valuable time.
  • 7. Representative Clients •Humana •Telephone & Data Systems, Inc. •Universal Music Group •WL Gore •Intuitive Surgical •JC Penney •KB Home •Regions Financial Corporation •Washington Mutual •Credit Suisse •Continuant •Marsh [Bermuda] •The NFL •Fidelity National Financial •Lloyds Underwriters •Johnson Matthey •BAE
  • 8. More Information? Contact Information: info@legalfeeadvisors.com 877.664.0020 41 E 11th St., 11th Floor New York, NY 10003 legalfeeadvisors.com