Legal Cost Control's professional staff reviews invoices at Legal Cost Control's location to measure compliance with client guidelines and reasonable and necessary billing standards.
The Desk Invoice Review program provides clients an effective and economic cost management tool. The review simultaneously ensures compliance with client guidelines and reasonable and necessary billing standards. For accounting audits, LCC uses client guidelines and generally accepted legal auditing principles. Desk Invoice Reviews can be applied to selected matters or to all invoices received. When applied to all invoices received, Legal Cost Control can apply statistical sampling techniques to further reduce overall costs while providing comprehensive management information leading to accurate data driven decision-making.
Legal Cost Control's Desk Invoice Review program for attorneys and accountants is designed to enhance communication and partnership with outside professionals with minimal disruption to client and firm operations. Benefits of this program include, but are not limited to, the following:
- Removes due diligence responsibility for firm invoice review from client hands.
- Maintain relationships between client and firm personnel by transferring cost control responsibility to a disinterested third party.
- Assures firm compliance with accepted, reasonable and necessary billing practices.
- Collection of objective data for comparative analysis of firm's billing practices and habits.
- Ensures firm accountability.
- Significant on-going savings are realized through guideline compliance reviews, adoption of reasonable billing practices and the powerful "Sentry" effect. (Attorneys or accountants are more careful in their billing practices when an audit is possible.)
- Establishes overall average cost per invoice and matter.
- Establishes average cost per firm.
- Provides data for Guideline enhancement.
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