Legal bill review (LBR) is a process whereby legal billing experts analyze legal invoices and bills to ensure there are no billing mistakes. This practice mitigates the risk of companies overpaying for lawyer services, and is a must for any enterprise legal department or insurance company concerned with claims litigation spend. Typical savings through this process range from 6-11%, and some providers have 2020 case studies of over 12% and 20%, more on that here.
Any enterprise or insurance company's LBR process can make millions of dollars of difference to that company, and ROIs on vendors providing this service should at least hit 3x. Furthermore, insist on flat cost pricing from your vendors so that your legal bill review vendor spend doesn't grow as your general vendor spend grows. As I understand, LSG is the only vendor on the market currently offering flat cost legal bill review because we use artificial intelligence (AI) to automatically flag non-compliance, in addition to a lean team of attorneys with over a decade of experience.
If you'd like more information, reach out to [info@lsg.com](mailto:info@lsg.com).
Submitted May 24, 2020 at 04:48AM by mrblockheads https://ift.tt/2LZFcHb via TikTokTikk
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