Cutting Costs at Banks and Financial Services Firms
In today’s economy, banks and other financial organisations are being asked to monitor expenses and reduce costs. Legal departments with soaring outside legal costs and mounting caseloads are no exception. How can your organisation take control and cut its legal expenses while managing risk?
Lower Your Litigation Costs and Streamline Matter Management
CSC has helped numerous companies curb unnecessary legal expenses with a smarter, more effective approach to legal spending and risk management. CSC’s Legal Solutions Suite software helps simplify the outside counsel billing process, analyse legal expenses, document law firm performance and create a collaborative electronic workspace for budgeting, planning and strategy.
Check out CSC’s New Legal Solutions Suite for Banks
A leader in insurance legal solutions, CSC has enhanced its time-tested Legal Solutions software and services to help the banking industry manage a variety of legal challenges efficiently and accurately. The corporate version of Legal Solutions is designed to support the full range of requirements for banks and other financial services companies:
- Currency conversion
- Tax calculations for international bills
- Allocation of expenses and charges to appropriate departments
- Complex approval workflows
- Real-time integration with general ledger systems
- Comprehensive reporting and dashboards
- Optional interfaces with your customers’ accounting systems.
Legal Solutions Suite Corporate simplifies bill payment by helping to eliminate errors and inappropriate charges as invoices are submitted electronically by your outside counsel. It helps ensure law firms are adhering to your fee guidelines for charges stemming from all types of legal matters including:
- Personal injury
- Product warranty
- Workers’ compensation
- Disgruntled claimants
- Employee hiring/discrimination
- Wrongful hiring
- Service delivery disputes
- Contracts
- Partnerships
- Equity/debt arrangements
- Class actions
- Mergers and acquisitions
- Bankruptcies.
Benefit from Legal Dashboards
Legal Solutions Suite provides easy-to-use reports and dashboards to keep you better informed throughout your cases, from initial assignment through resolution, and help you identify firms that consistently deliver the best results. For example, a worldwide bank with offices throughout the northeast United States learned how much easier legal management was with a clear and consolidated view of legal matters and invoicing.
Legal Solutions Suite Corporate was designed and built by a team of CSC clients, attorneys, and expert legal professionals with more than 20 years of outside counsel management experience. It’s more than just a software tool. It helps organisations create a highly efficient legal e-billing management process.
Learn more about CSC’s Legal Solutions Suite.