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E-billing, invoicing, payments, machine learning

To some, outside counsel guidelines (OCGs) may seem like administrative minutia—too boring to care about. That may have been true in the past, when both law firms and corporate law departments (CLDs) were small, and before e-billing made a “scientific” approach to outside counsel management possible. Since that time, CLDs and law firms alike have grown exponentially, creating an opportunity for in-house counsel to manage OCGs in a way that can generate a level of compliance and savings that is anything but boring. In addition to saving millions, OCGs are a way to improve both law firm billing practices and the underlying behavior they represent.

Here are three best practices to help organizations get the most out of their guidelines.

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