Claims executives continue to increase their scrutiny of litigation practices to tightly manage loss adjustment expense ratios. Legal invoice review is a vital component of legal cost control and predictability, as it uncovers non-compliance with billing guidelines and exposes cost “leaks.”

To safeguard the management of your legal spend, LegalVIEW BillAnalyzer uses a combination of sophisticated machine learning to analyze millions of line items and look for hidden patterns, an expansive database to benchmark invoices against, and a team of experienced legal professionals to perform reviews and handle the appeals process. As a result, there is reduced burden on in-house staff, improved collaboration with outside counsel, and an average cost savings of up to 10% of legal spend.

Unlike most services that only review and adjust invoice line items, Wolters Kluwer’s ELM Solutions LegalVIEW BillAnalyzer provides valuable metrics that clearly illustrate:

• Firm or timekeeper-specific billing practices.
• Guideline violations and their related cost.
• Adjustments to non-compliant invoice line items.
• Compliance results segmented by the results you want to see (e.g., matter type, timekeeper role, specific timekeeper, claims manager, etc.)
• Up to 20% compliance improvement over time.
• Firm and timekeeper non-compliance and compliance rankings.