What's in Your Legal Bill?

Every dollar counts, especially for small to mid-size 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?

We understand the challenges faced by small to mid-size businesses when it comes to legal billing. That’s why we’ve developed a specialized Legal Bill Review Service to help you identify and eliminate costly inaccuracies in your legal bills.

The Problem of Inaccurate Billing:

Inaccurate legal billing is a common issue that many businesses face but often go unnoticed. 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:

• Duplicate Charges: When law firms bill for the same task or service multiple times, inflating your expenses.

• Excessive Hours: Some law firms may exaggerate the time spent on a task, leading to higher hourly charges.

• Billing for Non-Value-Adding Tasks: Legal bills may include charges for administrative tasks or tasks that do not contribute to the progression of the matter.

• Misclassification of Expenses: Expenses that should be covered by the law firm but are incorrectly billed to the client.

Fair - Accurate - Reflective - Billing (FARB)

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 your legal invoices to determine if your invoices are fair, accurate, 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.

Key Benefits of Our Service:

• Cost Savings: We typically find 20% of incorrect billing. Imagine the savings this could represent for your business!

• Enhanced Transparency: We provide a detailed report highlighting and scoring discrepancies, allowing you to better understand your legal expenses.

• Recapture: We offer recapture services to facilitate achieving the savings we’ve identified.

• 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.

• 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.

• Customized Solutions: Our service is tailored to meet the unique needs of small to mid-size businesses, providing a flexible and scalable solution.

Inaccurate legal billing is simply a ‘legal tax’ on your business and can be a significant drain on your resources. Our FARB Services are your partner in 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. Don’t let inaccurate billing erode your profits. Enroll in FARB today to start saving on your legal costs.