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Posted on: February 12, 2016 by Huntersure
The constant battle between completing client requests, managing cases, and properly filling out paperwork has caused some concerns among lawyers. While productivity and quality are important, both are not always possible with the heavy work load and long hours of lawyers. Therefore, the introduction of new technology that helps to improve the efficiency and costs of law firms is becoming the new standard for lawyers’ practices. However, as this new development ensues, firms should protect their talent with a comprehensive Lawyer Professional Liability program.
Jason Parkman, CEO of Mitratech spoke with Inside Counsel and stated that as legal departments are increasingly asked to do more with less, improving the efficiency of legal staff and reducing costs are critical goals for many general counsel.
“In order to further enable general counsel to deliver on these goals, leveraging service providers to manage the entire legal bill review process has resulted in considerable cost savings and allowed in-house legal staff to improve their productivity,” stated Parkman.
Therefore, general counsel has enlisted the help of Elevate’s technological advances to deliver accurate and high quality work. These new billing models have proven to be successful and skyrocket the productivity for legal professionals as more time is freed up from paperwork to complete other tasks.
Parkman explained, “Our leading spend management and e-Billing systems automate much of the invoicing process and can save up to 10 percent in legal costs, but even more value is generated when a team consistently reviews the adjustments made by the technology. We have found that many clients don’t have the time or resources to take this on, and Elevate’s services address precisely that need.”
This new development is proving to be widely beneficial for all parties involved as saving money and boosting productivity is a partnership that fares well with any industry.
At Huntersure, we are experts in professional liability coverage and the processes used to identify accountability. We aim to protect each component of your clients’ business with competitive pricing and quality solutions. For more information on our products and services, contact us today at (855) 585-6255.
Posted in: blog Lawyer Professional Liability