eBook
How to Optimize Legal Spend Management 

In today's dynamic legal landscape, legal departments face three major challenges that must be addressed for effective management of external expenses:

• The Complexity of External Spend:
  The variety of billing methods complicates the consolidation and tracking of expenses.
  
  
• The High Cost of Billing Errors
  Errors in billing (ranging from 5% to 10%) and manual processing create financial and operational pressures, compromising visibility into spending and budget predictability.
  
  
• The Challenges with Data Management:
  The management of legal expenses is hindered by a vast amount of difficult-to-analyze data due to inconsistent time entries and fragmented information.
  
  

To overcome these challenges, legal departments must develop innovative strategies to optimize external spend management and ensure efficient use of available resources.