It is paramount that we listen to our clients. In doing this, it ensures that we fully grasp the challenges they face so we may continually and proactively craft solutions to meet their needs
Wilmington, Delaware (PRWEB) July 30, 2009
doeLegal, the complete hosted legal service provider, announces the incorporation of Alternative Fee Arrangements (AFAs) into doeBilling™. No other electronic billing solution is more configurable and responsive to corporate legal departments. Online control of the complete invoice processing lifecycle reduces overall costs and provides valuable system data on vendors, timekeepers, and matters.
Recent studies confirm the two greatest challenges facing corporate legal management teams today are reducing outside legal costs and working within budget constraints. These two areas underscore the value of proactive legal spend management. Corporate law departments are seeking new opportunities to lower the outside counsel expenses they incur. Typically, billable hours were the standard arrangement between corporate law and outside counsel. The nature of our current economy required corporations to seek alternatives to the billable hour. These alternatives are often referred to as Fixed Fee Arrangements or Alternative Fee Arrangements (AFAs). These ensure that corporate law departments can forecast and budget expenses by matter and the law firms can determine future revenue streams.
"It is paramount that we listen to our clients. In doing this, it ensures that we fully grasp the challenges they face so we may continually and proactively craft solutions to meet their needs," states Kathy Ryan, doeLegal's Special Project Director.
doeBilling™ has been configured to include these arrangements, thus allowing law departments and law firms to project what expenses and payments will be expected for the life of the matter. The program also provides each law firm the ability to send in actual invoices through the automated, online system as "shadow invoices" reporting what actual expenses would have been incurred. These can later be used to reconcile final under- or over-payments according to the AFA contract in effect. Having the system handle the high degree of leg work and paperwork reduces the extensive workload for your in-house staff.
doeLegal remains one of the major players in the legal spend market with their release of doeBilling™ 3.5 incorporating multiple AFA templates, multi-currency formats, automated rules checking, online review paths, final payment recording, and real-time reporting throughout the entire process. doeLegal responds to all input from its large base of users by constantly developing new ways to deliver solutions that overcome challenges they face. In the end, they are committed to allowing law firms and corporate law departments to focus on what they do best; winning the case.
"Our customer support service has been called 'responsively nimble' by corporate legal and law firm clients because we assign dedicated experts to every project we take on. Smaller providers are able to react quicker and better than larger organizations because we are more nimble, more responsive, and provide the personal support that ensures we stay aligned with our clients' interests," says doeLegal President, Tom Russo.
doeLegal earned its reputation by being responsive to its customers' needs in a way that offers solutions, not just answers. After over 38 years serving the legal community, they have a completely unique approach. The latest release of doeBilling™ is the comprehensive, hosted solution for corporate legal spend that provides complete control over the management of AFAs. Call 302-798-7500 or visit doeLegal's website to learn more.