ILTA White Papers

Financial Management

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CHRIS WYSZKOWSKI EQUITRAC CORPORATION Modern Cost Recovery: Offering Benefits Beyond Chargeback paid for by the client. While the intent of this practice remains intact today, changes in the way documents are processed require firms to take a fresh look at how they view cost recovery. C 20 Financial Management ILTA White Paper ost recovery is an established practice in law firms of all sizes, ensuring that expenses incurred on behalf of a client — such as copying, courier fees and postage — are invoiced to and The benefits of moving to a modern cost recovery practice go well beyond increasing the percentage of recoverable costs. It helps provide the backbone for sound financial management in the firm. THE IMPACT OF DOCUMENT WORKFLOWS An emerging trend reflected in the last few years of data in ILTA’s Technology Survey is how document

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