LEGAL SPEND MANAGEMENT

Stay ahead of your legal fees before the invoice arrives

Monitoring all relevant data on law firms’ activites in one place ensures on-time intervention and efficient ressource allocation.

Legal Firms advisors consalio

From scale up to multinational companies – legal expertise is required in every business. Whether ESG regulations, compliance topics or M&A transactions, legal departments increasingly rely on support from outside counsels to meet the growing demand of legal services from within the business.
But keeping all activities, invoices and budgets under control while working with multiple law firms can be quite challenging.

The challenge: unlocking the black box of legal fees

Legal Departments are challenged to balance increasing demand for legal services under budget restrictions

Lack of visibility on legal activities
Poor Budget Monitoring & Forecasting

Different requestors, reporting formats and billing cycles across law firms challenge in-house counsel to track fee updates and invoices. With a high volume of matters and a large number of law firms, these manual processes are becoming increasingly inefficient, time-consuming and error-prone.

On average, an in-house lawyer spends 30 minutes validating an invoice. Incomplete or missing narratives and lack of comparison with (standard) billing guidelines make this process time consuming and costly. 

Without consistent tracking of accumulated fees against budgets across firms and matters, financial planning and forecasting of legal fees becomes a challenge.

The ‘fire and forget’ approach to managing the increasing number of regulatory requirements leads to knowledge silos, inefficiencies and impedes learning curves based on historical performance, benchmarking and project evaluations. 

All legal fees in one place. Just one click away.

Whether you are a General Counsel, Legal Counsel or Paralegal – all team members in a legal department benefit from consalio as a central data hub for all legal costs and activities in the organisation. 

Legal spend management: analytics & forecasting of legal costs

Having control over your legal spend is powerful. By analysing matters and their mix and forecasting future needs, consalio enables legal teams to gain valuable insight and proactively navigate increasing complexity and demand while keeping costs under control. 

Legal spend management- analytics & forecasting of your legal costs

Validate & approve services ahead of the invoice

With hundreds of billable hours submitted each month, our machine-learning invoice review helps you identify deviations from billing guidelines, track fees against agreed rates and budgets, and approve fees efficiently. 

Work in progress (WIP): approval workflow & invoice review

Stay within your budget with our monitoring function

Take control of your budget with personalized alerts tailored to your needs, whether it’s thresholds, peaks, limits, or baselines. Adapt your budget allocations according to predicted work in progress (WIP), ensuring resource planning is optimized for success.

Stay within your budget with our monitoring function

Centralised knowledge hub for legal teams

With one platform for all legal spend across the organisation, legal teams can use insights and analytics to share learnings, compare matters and benchmark their firms across the organisation. 

Benchmarking Service Partner

For better insights & more transparency - Get In touch with us.

Reduce your spend, time and manual effort with consalio.
Book a demo now and explore all the possibilities.

Our partners

We are a member of
the association

Zertifikat Legal Tech Verband Deutschland
//Marketing Department ENG //Marketing Department DE