MITRATECH - Connecting People, Knowledge and Process

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E-Billing ROI Calculator

Having been a pioneer in the technology of legal e-billing for nearly a decade, Mitratech has developed a cost savings model that helps you estimate how much money your legal department could save by migrating from paper-based legal billing to e-billing.    The savings model is based on several core assumptions that are reflected in the calculator shown below.  E-Billing drives cost savings:

  • From better outside counsel adherence to billing guidelines
  • From improved productivity for paralegals, who typically review legal bills
  • From improved productivity for in-house attorneys, who are often consulted about outstanding issues on legal bills

The size of the legal department, the number of outside counsel firms employed, the number of matters handled, and the overall legal spend, as well as staff salaries, all have an impact on the savings potential for e-billing. 

       
How much does your company spend on outside counsel each year?
How many law firms handle your work?
How many matters are you typically managing at any given time?
How many attorneys in your department?
How many paralegals are in your department?
What is the typical annual salary of your in-house attorneys
What is the typical annual salary of your bill reviewer (paralegals)
Year 1 Savings from e-billing  
Savings from improved paralegal time utilization
Savings from improved attorney time utilization
Sub-total - savings from improved personnel utilization
e-Billing savings from vendor compliance
Total savings from e-billing in first year
Savings as a percent of current spend
       

*Salary estimates based on published industry averages.


Are you interested in learning more about Mitratech’s e-Billing solutions or having an in-depth review of your department’s potential for financial improvement through e-billing? Please contact us.