August 2017 - Reducing Outside Counsel Spend Using TeamConnect
RULES
Rules in TeamConnect can be used to enforce Outside Counsel Billing Guidelines. The following chart lists the out of the box validation rules and includes some examples on how they are applied:
OUTSIDE COUNSEL BILLING GUIDELINES
Outside Counsel Billing Guidelines should contain all the information related to your billing requirements. Some of the Key components used in writing Outside Counsel Billing Guidelines are listed below:
Basis for professional fees |
Dealing with media inquiries |
Cost estimates and budgeting |
Conflicts of interest |
Cybersecurity |
Billing fees and expenses |
Maintaining confidentiality |
Billing deadlines |
Outsourcing |
Matter staffing |
TIPS AND TRICKS
Rules Validation rules are activated and configured in Setup under the Tools, Invoice Validation Rule Setting section. |
Outside Counsel Billing Guidelines Save Outside Counsel Billing Guidelines in Collaborati for easy vendor reference. Click on Document Sharing, drag and drop the desired document on to the screen, click Start Upload. The documents will be saved to Collaborati during the next application sync. |
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The following screen shot shows what the vendors will see in Collaborati: |
Reports that Demonstrate Savings
TeamConnect has several out of the box reports that can help demonstrate savings on outside counsel spend and identify problems areas. Following are a few reports used to demonstrate savings: