Defusing the banking WIP bomb
By Nick Crinnion
A household name in financial protection, the Financial Services Compensation Scheme was challenged in its forecasting, budgeting and decision-making by uncertainty over legal spend. The finance and legal functions worked together to find the ideal solution: Apperio.
Network Rail were using billing reports which were three months out of date and therefore weren’t of strategic value. With real-time spend analysis with Apperio, Network Rail were able to make better management decisions and run their legal department like a business.
A leading liquidity provider had doubts about how much one of their law firms were charging. Find out how their use of Apperio led to trusting relationships with their law firms and how they identified savings on their legal budget worth 3x the value of their contract with Apperio.
Trainline’s use of Apperio led to the termination of one law firm which was consistently over-charging them. They now only take on law firms who are willing to be transparent with Apperio. See how Trainline used Apperio’s trustworthy and actionable insights.
Network Rail were able to increase confidence in their legal teams by working with law firms who were able to operate with a more open and transparent mindset. Read how Network Rail were able to half the size of its external legal panel with Apperio.
Know exactly how much you’re spending and how much you’re going to spend on legal fees, in real-time. Unlike e-billing, your data is live and the platform shows you work in progress.
Pull up the data you need at a moment’s notice. Apperio gives you one consolidated view of legal spend across all law firms and matters. We bring the information you need to life in an accessible way, so you can analyse your spend with confidence.
Major law firms
We’re already connected to most major law firms and no IT team is required to get going.
New law firm
We plug into law firms’ existing software seamlessly - just is put us in touch with them and our onboarding team will help them to get started.
Safe and Secure
We are ISO 27001 certified, designed with GDPR compliance in mind and offer Single Sign-On (SSO) authentication.
The end-to-end process usually takes only a few weeks. Little effort is required at your end and we don’t need to engage your IT department.
Data will be updated in Apperio automatically, so you don’t have to change a thing.
Apperio has given us leverage with our law firms to be able to be stricter about how much they’re going to charge us. We won’t now even take on a law firm if they’re not willing to be transparent via Apperio. It’s a prerequisite that we put in to our engagement letters.Keruschka Shunmugam Legal Operations Manager
Having real-time data to help us track and understand where we are investing in legal services was critical to us to make sure that we are investing in the right areas and are working with firms that are delivering real, sustainable value to us. We’ve found a great solution in Apperio, that gives us this data in a simple and digestible format and enables the Legal team to focus on supporting the overall growth of Monzo.Dean Nash Head of Legal and Compliance
Two years ago, we had to ask externally how much we were spending - an unsatisfactory situation for any organisation. Now at the click of a mouse we can see exactly how much we spend with each firm, in real time, on particular work types across the country. That’s a very different, and better, place to be.Dan Kayne General Counsel (Regions)