Outside counsel legal spend metrics that law firms should capture, track and share with their clients quarterly

1. 1
Metrics Gathered by Insurance carriers,
TPAs and Self-insured on Panel Firms
Outside Counsel Legal Spend Metrics
That Law Firms Should Capture, Track
and Share With Their Clients Quarterly
Copyright © 2021 Accurate Legal Billing™. All Rights Reserved.

2. Matters/Claims Metrics
- Number of matters created per line of business
- Number of active matters per line of business
- Number of matters with Budgets per line of business
- Number of matters without Budgets per line of business
2
Copyright © 2021 Accurate Legal Billing™. All Rights Reserved.

3. Claims Cost Metrics & Litigation Ageing/ Claims Closing
Ratios
- Cost per claim on a monthly/ quarterly/ yearly basis
- Average days of Litigation per case/ claim
- Claims closing ratios on a quarterly basis
3
Copyright © 2021 Accurate Legal Billing™. All Rights Reserved

4. Claims/Cases Budget v Actual Legal
Spend Ratio
- Budget v Actual spend per case/claim
- Budget v spend per line of business
- Report showing the types of budgets prepared and
submitted for each case/claim – eg. Life of the
case, with or without staff plan, etc
- Budget update frequency
4
Copyright © 2021 Accurate Legal Billing™. All Rights Reserved

5. 5
Budget v Actual Legal Spend report
Requested Budget Type Assignments Budget Spend Spend Ratio
Life of case 635 $25,151,046.54 $17,628,155.01 70%
Phase level without staff plan 3278 $43,647,662.41 $30,245,971.74 69%
Life of case with staff plan 84 $2,684,629.17 $2,435,647.45 91%
Phase/Task with staff plan 5 $415,499.25 $571,858.88 138%
Copyright © 2021 Accurate Legal Billing™. All Rights Reserved

6. Matters/Claims in Various Status
Number of
matters/claims in each
status ( open, closed
and re-open)
6
2148, 33%
4180, 63%
254, 4%
Closed Open Re-Opened
Copyright © 2021 Accurate Legal Billing™. All Rights Reserved

7. 7
Staffing Ratio
Status Total Hours Total Hourly Rate
Paralegal 42,605.48 $4,490,310.65
Associate 96,418.97 $16,429,027.00
Junior Partner 1,023.00 $186,343.75
Partner 84,303.98 $16,697,531.15
Senior Partner 26,573.35 $5,099,071.93
Paralegal
16.98%
Associate
38.43%
Junior Partner
0.41%
Partner
33.60%
Senior Partner
10.59%
TOTAL HOURS
Copyright © 2021 Accurate Legal Billing™. All Rights Reserved

8. Billing Guidelines- Quarterly Non-compliant
Activities and reductions by Bill Review Vendors
8
Amount Billed Amount Modified Reduction Reduction %
Travel Time in Violation of Guidelines $878,521.50 $430,705.50 $447,816.00 50.97%
Duplicate Entry $210,043.20 $0.00 $210,043.20 100.00%
Adjusted Time/Rate $494,452.43 $293,402.89 $201,049.54 40.66%
Non-itemized Travel Time in Entry $126,109.75 $0.00 $126,109.75 100.00%
Photocopy Charges in Excess of Approved Rate $114,332.89 $4,262.87 $110,070.02 96.27%
Counsel/Barristers, Local Counsel, Investigators,
Experts, & Other Consultants - No prior approval
$103,085.93 $0.00 $103,085.93 100.00%
Lawyers Performing Paralegal Functions $166,950.50 $77,465.15 $89,485.35 53.60%
Improper Hourly Rate $599,266.20 $513,911.85 $85,354.35 14.24%
Duplicate Attendance - No Prior Approval indicated $71,731.00 $0.00 $71,731.00 100.00%
Motion Practice / Interlocutory Process - No prior
approval indicated
$56,712.95 $0.00 $56,712.95 100.00%
Copyright © 2021 Accurate Legal Billing™. All Rights Reserved

9. Legal Bill Review Reductions Trend
9
1.84%
2.25%
5.5%
6.75%
4.55%
1.85%
2013 2014 2015 2016 2017 2018 2019
Copyright © 2021 Accurate Legal Billing™. All Rights Reserved

10. 10
Founder and ALB Mission
• For nearly two decades Andre Wouansi owned an e-billing company that helped large companies “control” their legal spend
with e-billing software designed to strictly enforce billing rules and guidelines
• His prior clients included Aspen, Chubb, Argo, State Farm, ESIS, Zurich, Brit Insurance, Beazley, insurers at Lloyds,
London, Sedgwick, Gallagher Bassett, Arthur J Gallagher, Western Litigation, Hiscox, Aviva, NYCM Insurance, XL Catlin,
Costco, Coca-Cola, Nissan, Nike, and YRCW
• His efforts “saved” his prior clients over a billion dollars on “non-conforming” law firms’ invoices
• To say the least, Mr. Wouansi became adept at taking the human out of the equation and leaving billing compliance in the
hands of an ever-evolving AI
• However, Mr. Wouansi became increasingly dismayed at the insurmountable disadvantage faced by law firms and decided to
do something about it
• In 2018 Mr. Wouansi “switched sides” to devote all his time to helping law firms face and beat e-billing software at its own
game: ALB was born

11. 11
ALB is world’s first and only AI-enabled time-entry compliance platform
All other time-entry platforms are dependent on timekeeper self-
compliance
ALB intelligently and automatically processes timekeeper entries, so they
conform to e-billing guidelines
ALB allows law firms to achieve time-entry 100% compliance

12. 12
To learn more about our AI time entry
compliance tool your can reach to our
Founder/CEO Andre Wouansi at:
Email: ALW@ACCURATELEGALBILLING.COM
Tel: 516-279-1615 ext. 101
Schedule a demo at www.accuratelegalbilling.com