Fair, Accurate, Reflective, Billing
“What’s in Your Legal Bill?”
Every dollar counts, especially for small to midsize businesses. Legal expenses are an unavoidable part of doing business, but what if we told you 0.20 of each dollar spent on outside legal fees might be inaccurate?
The Problems
Inaccurate billing is common, particularly in larger firms, where the billing department is separate from the legal resources doing the billing. It can encompass various forms of over-billing, including:
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Duplicate Charges
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Excessive Hours
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Billing for Non-Value-Adding Tasks
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Misclassification of Expenses
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The Outcome
Fair - Accurate - Reflective - Billing (FARB)
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FARB is designed to be a cost-effective and proactive solution to combat the problem of inaccurate billing.
We use AI-enhanced invoice review to meticulously review whether your legal invoices are fair, accurate, and reflective of the services performed, and if the services billed should be billed at all, ensuring that you only pay for the services you have actually received.​
The Solution
Controlling legal costs, ensuring that you only pay for the services you receive and those services reflect "fee for value" not just fee for service. Eliminate inaccurate billing from eroding your profits.
Client Success
A healthcare services client utilized an international legal firm to assist in a complicated international deal. The firm provided services over a 60-day period from multiple offices and the invoices totaled over $400,000.
After reviewing the invoices, we identified $100,000 in over billing and assisted our client in developing a strategy to recover the over billing. And with AI-assisted invoice review, we help clients do this each day, at scale.
Key Benefits：
Cost Savings
We typically find 20% of incorrect billing. Imagine the savings this could represent for your business!
Recapture
We offer recapture services to facilitate achieving the savings we’ve identified.
Time Efficiency
With the pace of business today, no one has time to closely review legal bills, even if they know what to look for. We take care of the time-consuming task of reviewing bills, so you can focus on running your business.
Enhanced Transparency
We provide a detailed report highlighting and scoring discrepancies, allowing you to better understand your legal expenses.
Rules of Engagement
We review your processes in retaining outside counsel and provide you guidance on when to engage outside counsel and what additional terms to include in your engagement letter to ensure that you are billed fairly and accurately, reducing the risk of future billing disputes.
Customized Solutions
Our service is tailored to meet the unique needs of small to mid-size businesses, providing a flexible and scalable solution.