Quick, how many of your firm’s dollars are at risk due to non-compliance with billing guidelines right this very second?
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Outside Counsel Guidelines (OCG) and their billing components have proven to be a major headache for law firms. Resource-intensive and revenue draining, the management of OCG can be complex and elusive...but it doesn't have to be.
Topics: outside counsel guidelines
Bob Karau is the Manager of Client Financial Services at Robins Kaplan LLP. In the following post, Bob explores the topic of Outside Counsel Guidelines and how today’s firms are challenged with addressing volume, complexity and technology in order to achieve compliance.
Outside Counsel Guidelines(OCG) have been standard practice in the agreements between law firms and their corporate clients for quite some time, however in recent years, they have grown in both scope and complexity, making the task of managing them both overwhelming and elusive.
The next time that you find yourself among legal administrators, try this:
You say, “Billing guidelines.”
Wait for it - you are about to hear a collective groan, that is almost guaranteed, if you are in the company of this fine group of legal professionals.
The reason for this reaction is completely understandable.