Legal Expense Management
12 expense management best practices for legal firms
You’ve likely come across a couple of great travel and expense (T&E) policies by first-rate firms, but creating one for your law firm requires careful consideration of your firm’s unique needs and challenges.
To inspire you, we’ve compiled 12 of the most effective best practices based on our work with more than 400 law firms worldwide in this ebook. Download it and learn why it’s beneficial to:
- Implement a per-diem system
- Build an accountable plan
- Automate policy enforcement
- Clearly document the approval process
- Centralize the travel expense process
Leverage your leverage
- Analyzing spend by expense category to uncover opportunities for ‘strategic sourcing.’ Evaluating total spending on certain types of expenses (e.g., flights, hotels, car rentals) may benefit a company to develop a preferred relationship with one or more key suppliers.
- Analyzing and visualizing spend patterns through a straightforward, consistent platform.
- Keep reading to learn more