Legal Decoder - Legal Spend Authentication (LSA) Technology Case Study
Legal Decoder’s Legal Spend Authentication (LSA) Technology analyzed nearly $11 million in actual law firm invoice and billing data from a large case involving multiple law firms. In less than five minutes, LSA Technology analyzed over fifty invoices (over 2,000 pages and nearly 12,000 line items) which had been submitted during the year for court approval against a set of proprietary algorithms that evaluate staffing and workflow efficiency and billing hygiene against industry-wide benchmarks. Over $2.4 million of individual line items were highlighted showing areas where improvement was merited.
Both clients and law firms are benefiting from these types of insights to "fine tune" their relationship and drive the best outcomes through a true partnership focused on optimized efficiency and value.
Download the study here.