Optimise fund management costs and boost investment returns

Prevent the legal costs associated with fundraising from spiralling by staying on top of work-in-progress matters, from multiple law firms, in a single system of reference.

• Take corrective actions where necessary to stay within budgets and prevent unexpected overspend.
• Group related matters from multiple firms using your own reporting structures.
• Manage the ongoing costs, scope and budgets for complex and unpredictable projects, even when billed infrequently.

Improve oversight of all investment matters and reduce the reliance on manual updates with a consistent, automated breakdown of deal costs from all connected law firms.

• Remove the perception of legal spend being a ‘black box’ with total oversight of your ongoing and historic costs.
• Take a proactive management approach to monitor costs and offer support to investment teams when necessary.
• Measure and optimise the ideal proportion of fixed-fee vs hourly-billed matters for each deal.

Gain insight into how outsourced legal work is progressing and take timely course-correcting action to avoid surprise cost overruns, with real-time visibility of matters.

• Drive behavioural change towards more efficient working practices by setting meaningful KPIs that you can monitor regularly and accurately.
• Focus on value-based conversations instead of querying invoices, to strengthen your relationships with outside counsel.
• Drill down and report consistently on spend by practice area, department, law firm, fee-earner, project, region and more.

Understand current and historic spending patterns across the house and portfolio, and drive efficiencies through improved forecasting and budgeting for future expenditure.

• Use accurate, current data to make informed strategic decisions that improve your firm’s efficiency.
• Identify similar recurring matters that could be resourced more efficiently.
• Analyse typical volumes of work for panel reviews and identify key metrics for monitoring law firm performance.
• Track the immediate impact of your improvements and iterate on these to achieve long-term cost savings.

Safeguard regulatory compliance with a fully auditable breakdown of your legal spend from all connected law firms.

• Automated reporting to prove cost transparency and demonstrate value for money to your investors.
• Reduce human error by ending your reliance on complex spreadsheets collated manually.
• Show fair allocation of costs between activities, funds and other criteria relevant to your firm.