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It's important for any law department to implement well-defined billing guidelines for their legal service providers so that internal team members and their external firms and vendors have a clear understanding of all expectations around billing. A good legal eBilling system takes enforcement to the next level by automatically
BILLING GUIDELINES – OUTSIDE COUNSEL. 1. Billing Procedures - Fees for Services a) In matters that are to be billed based on the law firm's hourly rates, Company and outside counsel shall, prior to engagement, agree on a schedule showing the billing rate for each timekeeper (or class of timekeeper) assigned to the
19 Jul 2017 Compliance with your client's guidelines has always been a critical part of any law firm operation and it is your responsibility to adhere to client billing guidelines and ensure accuracy. In recent years, outside counsel guidelines have become more complex and it has become more difficult for law firms to
26 Jul 2017 A range of organizations, including efforts by the ABA, the Association of Corporate Counsel (ACC) and Corporate Legal Operations Consortium (CLOC) have begun to produce best practices. This effort is providing a more consistent set of guidelines law firms may begin to see more uniformly among clients.
18 Aug 2015 Putting in place and reviewing law firm guidelines on a yearly basis can seem like a tedious process for in-house counsel. However, having these guidelines in place can clarify the company-law firm relationship and save a great deal of time down the road by eliminating law firm billing and matter
2 Feb 2017 Tracking and billing time to clients is an important and inevitable part of working in a law firm. Partners, associates, paralegals, litigation support staff and other timekeepers bill their time in six, ten, or fifteen-minute increments, depending on firm policy and client directives. If you fail to bill your time, the firm
21 Nov 2016 However, the overall goal does not change: ensure the law firm's time was spent efficiently and that all work was in line with what was agreed. The benefits: A well-run legal department will want to have clear billing guidelines in place, combined with a transparent and fair invoice review process. Once these
At the outset of a matter, the COMPANY Legal Staff and outside counsel will together designate as the lead outside counsel a .. of the invoice to COMPANY. The following billing guidelines will apply to all invoices: •. No “block billing". Every legal task must be billed separately (indicating the time spent on each task).
23 Oct 2017 EAGAN, Minn., — Corporate legal departments say their most effective cost controls are enforcement of billing guidelines, reductions on invoice expenses, and working with law firms that pro-actively show their value. At the same time, many legal departments are not using fixed or flat fees, matter budgets,
16 Aug 2016 The foundation of any great relationship with your outside counsel is clear expectations. Without an understanding of your goals and expectations, chances are your law firms will miss the mark when they begin billing. Effective billing guidelines are the key to getting your firms up and running faster.

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February 2018