5/18/2023 0 Comments Legal invoice pro loginThe process is cyclical: set the parameters, monitor adherence, tweak the parameters afterwards.Īnd if you don’t have a rigorous review process in place right now – you should know that is one of the quickest and most cost-effective ways to begin controlling your outside legal spend today. ![]() While it is the final step, it far from the least important. In addition to being a vetting and cost control exercise, invoice review provides the context within which you will frame your next engagement. For example, if the review process shows a certain firm spending a lot of time on internal communications – you will want to address that on your next engagement up front and agree a cap. If on an M&A deal with a firm the cost of the diligence was excessive, you may want to give the next M&A deal to another firm (or resource with an alternative provider). In the overall process of managing outside counsel spend, reviewing invoices is the final step in a larger process. You will have likely gone through a selection process of some kind, agreed instructions and scope of work. You might have agreed a cost estimate and even gone as far as discussing how the work should be resourced.
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