Issue link: https://epubs.iltanet.org/i/13683
• Enterprise Matter Management • Outside Counsel Collaboration Tools/ Workspace • Document Management Systems • Metrics and Busines Intelligence Matter Management Legal Spend Management • Electronic Billing • Timekeeper Management • Rule-based Auditing and Approval Worklfows • Budgets and Accurals • Alternative Fee Arrangements • Entity and Subsidiary Management • Advanced Org Charting and Reporting • Board of Directors Book Management/Portal • SEC Filing Management Corporate Governance E-Discovery • Legal Hold • Collection • Early Case Assesment • Process/Review/ Production • Project Management/ Metrics/Business Intelligence have control over their litigation costs, but they can also make more informed decisions on the disposition of the case. LEGAL SPEND MANAGEMENT: CONTROLLING YOUR OUTSIDE COUNSEL COSTS Legal spend management brings together the technology and best practices needed to coordinate all of the resources, processes and procedures required to effectively manage spending on outside legal services. The specific elements of legal spend management often include processing electronically submitted invoices, managing budgets and evaluating, monitoring and measuring future legal spend. 36 Case/Matter Management ILTA White Paper With a legal spend management solution in place, in-house legal departments can control the entire invoicing process (including electronic submission, approval and payment), time-keeping functions and comparative analysis of budgeted versus actual costs. Rule-based auditing and approval workflows save an enormous amount of time by streamlining and simplifying their entire invoice process. Sophisticated reporting capabilities improve legal spend analysis, helping to identify key cost drivers to provide greater control over expenses. Legal enterprise management takes the information inherent to the legal spend management solution and combines it with information from the in-house e-discovery solution, bridging both pools of