A Quick Recap: What is Managed Bill Review (MBR)?

Managed Bill Review (MBR) provides an alternative approach to traditional bill review processes. In the place of tedious, manual line item reviews, technology and legal spend experts step in to streamline, contextualize, and analyze line items for you, offering significant savings in both time and money to your legal department. The most powerful MBR tools will use a combination of AI-enabled and expert human analysis to ensure a timely, comprehensive, and accurate review of all legal invoices. This hybrid approach ensures that each line item in every bill is appropriately reviewed, categorized by task type, and analyzed against the role assigned to each task. All to give you peace of mind that the right work is being sent and billed to the right department, your organization is adhering to your billing guidelines, etc. — while finding opportunities for reducing legal spend and optimizing your review process.

When legal departments turn to MBR, they not only save time by streamlining processes and improving efficiency but also money through cost reductions and improved decision-making. And every hour saved can be monetized as well, as legal managers turn their attention to higher-value work.

7 Ways MBR Optimizes Legal Spend (And Your Efficiency)

Training Time for Internal Employees:

Internal employees no longer need to spend time training on complex invoice guidelines.

Faster Payment Cycles:

By expediting the approval and payment process around legal invoices, MBR can reduce delays and prevent late fees (and in doing so improve relationships with outside counsel!).

Eliminate Low-Value Work:

Most legal departments don’t have the time in the first place to conduct a line item review of their legal invoices, much less categorize each one around meta-data and then analyze and deliver actionable analytics. But even those who spend manual hours on review could be better served by implementing MBR. MBR gives legal managers and teams back time to focus on work that requires the human touch.