Why are we spending so much in legal?
One SimpleLegal customer (public tech company with legal department that grew from a team of 1 to a team of 14) was told by his finance department that he "had the best system for tracking financials out of any department in the entire company."
When CFOs ask about legal expense, General Counsels and Legal Ops need data to support their answer. They need visibility into where and why the money is being spent.
Without data, all that legal expense just gets lumped into one big number. Financial systems can provide a report by vendor, but that's really not enough detail.
With data, the General Counsel and Legal Ops teams can provide much more insight to the finance team. With data, getting reports by Department, Vendor, Matter Type, Matter, or even individual attorney is easy.
When General Counsels ask for more budget or more headcount, they're not typically the group spending the money. They're reacting to business needs. More trademarks to prosecute, more patents to file, more sales contracts to review, more hiring, more partnerships.
It's tough to get good data on legal expenses without eBilling or Legal Spend Management software. But the tools provided by legacy vendors are either too expensive or too cumbersome to use. For companies looking for a modern eBilling option, SimpleLegal is a streamlined way to get good data on your legal expense.