Leading legal operations platform Lawcadia has today unveiled a cutting-edge legal rate card compliance feature, in celebration of its eighth birthday.
The new capability has been developed in response to increased client demand for a granular level of legal billing data and verification of invoice compliance with agreed law firm rates.
The automated line-by-line invoice review flags non-compliance of rates compared to the agreed panel arrangements, streamlining approval processes and saving in-house lawyers significant time.
The solution also provides an ability to accept invoices that only relate to approved fee earners and, for complex litigation, automatically split an invoice into multiple phases and workstreams.
Lawcadia CEO and Co-founder Warwick Walsh said the introduction of the rate card compliance feature would significantly enhance productivity for organisations that wanted methodical invoice review and compliance checks.
“Legal departments are seeking more detailed data relating to spending and resourcing,” he said.
“Lawcadia’s new capability includes the digestion of itemised invoice data to provide specific reporting analytics and deep insights into operations and finances.”
Reflecting on the past eight years, Mr Walsh said he was proud of the team’s unwavering commitment to providing practical solutions to the challenges faced by corporate and government legal departments.
“Our mission has always been to empower legal teams with tools that are not just powerful but also intuitive and easy to use,” he said.
“The rate card compliance functionality is a prime example of how we’re tackling complexity and enabling in-house legal teams to deliver better outcomes for their business.”
Since its inception, Lawcadia has been dedicated to simplifying legal operations for in-house legal teams and law firms, providing a suite of tools designed to streamline processes and enhance efficiencies.
As Lawcadia continues to evolve and expand its offerings, the introduction of the legal rate card compliance feature marks another milestone in its journey to transform legal operations, driving efficiency and productivity for in-house legal teams worldwide.
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