(New York, September 28, 2021) – Accurate Legal Billing (ALB) today announced a new integration partnership with Clio to deliver their AI-powered (API) time entry cleansing tool. The tool helps law firms to comply with outside counsel guidelines, ensures an increase in firm recovery rate, speedup collection cycles, reduces time spent reviewing time entries during pre-bill, eliminates the need to appeal for reductions and to constantly train timekeepers on new and updated billing guidelines.
Accurate Legal Billing (ALB) is the world’s first AI powered Time Entry Cleansing platform that intelligently and automatically processes timekeepers’ entries, so they conform to e-billing guidelines allowing law firms to achieve time-entry 100% compliance with client SLAs. Leading to improve billing efficiency and minimize the likelihood that invoices will be reduced or delayed.
Clio is the leading cloud-based legal software. Clio’s cloud-based legal practice management, client intake and legal CRM software streamline law firm operations, improves productivity, and enables legal professionals to increase their revenues from one central location. Trusted by over 150,000 legal professionals in 100 countries and approved by 66 bar associations and legal societies, Clio provides industry-leading security, 24/5 customer support, and an unparalleled app ecosystem—integrating with many solutions, now including Accurate Legal Billing.
This partnership will allow Clio law firms, who contract with ALB, to ensure compliance with each of their client’s guidelines while taking advantage of Clio’s full suite of practice management tools, including billing, finance and accounting, document management, data analysis, business development opportunities, KPIs, and calendar and contact management.
“Law firms have agreed to the clients’ guidelines and they should comply. Compliance with each client’s guideline rest with the timekeeper who is working on the case, and not with the firm billing team. Giving attorneys a proper tool to ensure compliance as they record their time is a game changer for firm of all sizes, as it puts hundreds of thousands of dollars back into the firms bank accounts, and our partnership with Clio will do just that” Says Andre Wouansi CEO/Founder at Accurate Legal Billing Inc. “Complying with client guidelines will not only put more money into your firm bank account it will also improve the firm relationship with its clients and more than likely the firm will be assigned more cases by its clients who value the level of compliance to their guidelines”. Says Andre Wouansi
A recent survey by Aderant “Aderant OCG Survey” indicated that the volume and complexity of OCGs overwhelms law firms. Nearly half of the firms surveyed indicated that they received 10-50 OCGs from January of 2020 to March of 2021, while 35% had received 50 OCGs or more. The constant flood of new and updated OCGs creates confusion and is negatively impacting communication between clients and law firms. Almost half of firms do not have the number of staff needed to handle client guidelines. Nearly two-thirds of firms said they have pushed back on clients’ guidelines, and 37% of firms said OCGs made client communication more difficult.
The integration will Clio is currently available and law firms using Clio can take full advantage of the same. Learn more.
ALB is the world’s first and currently the only AI-enabled time-entry compliance platform. Since launching in 2018 ALB has helped US law firms’ small to AM200 law to achieve full compliance and increase firms’ recovery by over 25%.
ALB was created by a former owner at a US based e-billing company which helped US largest insurance companies, Third Party Administrators and Self-insured Corporations managed their legal spend by strictly enforcing billing rules and guidelines, which resulted in a little over $2 billion dollars in reductions on law firms’ invoices in nearly two decades.
Learn more at Accuratelegalbilling.com
Andre Wouansi CEO/Founder
Phone: (516) 279-1615
Clio is transforming the legal experience for all through cloud-based and client-centered legal technology. Clio has become a company to watch on a global scale after securing a CA$6M Series B investment in 2012 by German-based Acton Capital, a CA$20M Series C investment in 2014 by Bessemer Venture Partners and one of the largest investments in legaltech and Canadian history in 2019 with a US$250M Series D funding round led by TCV and JMI Equity. In 2021, Clio made history again by becoming the first legal practice management unicorn globally with a US$110M Series E investment led by funds and accounts advised by T. Rowe Price Associates, Inc. and OMERS Growth Equity. Learn more at clio.com.