Sterling Analytics has delivered significant value to clients through a proprietary approach to reducing legal expenses. Although every client’s situation is different, our methodology consistently involves an empirical assessment of a client’s legal expenses, benchmarking against industry best-practices, and implementation of strategies to enforce cost controls.
The Sterling Solution for reducing legal fees and expenses is detailed below. Visit our Common Objectionable Billing Practices page for additional information about causes of high legal costs.
How much is your company overpaying for legal services?Prescribe
What specific steps should you take to reduce legal expenses?Continuing Care
How can we help you implement permanent savings?
Legal Bill Auditing
Our team of trained legal professionals has analyzed over $10 Billion of law firm invoices. By integrating professional judgement with technology, we are able to identify many more improper charges than software packages can on their own. Our audit process is fair, independent, cost-effective and maintains attorney-client privilege.
Best Practice Benchmarking
Our proprietary database of legal bills allows us to compare your company’s legal fees to industry averages and best practices. This unique data allows you to understand how much you can realistically save on legal expenses.
Create/Overhaul Billing Guidelines
The use of clear and enforceable external counsel Billing Guidelines contractually establishes the “rules of engagement” that govern how law firms work for your company and bill their time.
Enhanced Monitoring Protocols
Rigorous e-Billing systems and line-by-line auditing practices ensure outside firms comply with your company’s Billing Guidelines.
Consolidating legal spend among fewer firms can strengthen your relationship with those firms, improve compliance with Billing Guidelines and create an opportunity for volume discounts.
Requiring firms to commit to budgets on retained matters is proven to reduce overall billings, while enhancing the ability of e-Billing systems to monitor compliance.
Alternative Fee Arrangements
Engaging firms under fixed fee, capped fee or contingency arrangements rather than traditional hourly billing can dramatically reduce legal costs.
Negotiating with law firms to obtain fee reductions or reimbursements of improper charges. Our impartial bill audit provides specific and credible evidence of infringements, which compels firms to remedy violations.
We teach clients to spot audit bills and test e-Billing systems to ensure improper chargers are caught. Enhanced Billing Guidelines and controls are only effective if properly enforced.
We perform ongoing monitoring and periodic bill audits to ensure clients are not being overcharged. Many companies lack internal resources to perform such activities and rely on our assistance.
30 Minute Assessment