Legal Spend Management
Legal spend management software for in-house legal teams
Manage. Review. Allocate. Optimize.
Track legal spend, manage external counsel invoices, monitor budgets, and gain complete visibility into legal department costs from a single platform.
Legal teams often struggle to understand where legal budgets are being spent, which firms deliver the best value, and whether external legal costs are increasing over time. Managing invoices across multiple firms, matters, and business units can quickly become time-consuming and difficult to report on.
Dazychain helps in-house legal teams centralise legal spend, track budgets, analyse external counsel performance, and report on spend with confidence.
Highly rated by legal teams using Dazychain to centralize and manage their legal matters.
Optimize your legal spend management with cutting-edge technology
Dazychain’s legal spend management software is more than a place to approve invoices. Dazychain offers a single, integrated location to control all aspects of legal spend management including expenses, analyzing performance of outsourced legal counsel, reporting on budget versus actual spend, and more. Our legal spend management system helps you keep all your legal spend records in one place, and use data-based insights to report on spend by a range of variables such as law firm, business unit, quarter, or year.
Use spend data to make better resourcing decisions.
Identify work that could be brought in-house, compare internal and external costs, and build stronger business cases for additional legal resources.
Understand legal spend and demonstrate value
Identify cost drivers and spending trends
You may have allocated a budget for legal spend, but are you getting the expected performance and result? Structuring and analyzing spend becomes a headache when you have no way of sorting, reporting and allocating legal spend.
Dazychain enables you to examine where your spend is increasing, then make decisions based on that spend. For example, if you spent $400,000 on external legal firms to create contracts, you may be able to use Dazychain data on legal spend to argue the business case for an internal contract management resource to reduce external spend.
Centralized legal spend tracking
Access historical data in a few clicks
It’s difficult to keep track of your legal expenses if they’re decentralized. Scouring through a pile of invoices and bills, each with a multitude of line items from different drives and folders, is inefficient and tedious. Interacting with finance for clarity on invoices can waste valuable time.
Simplify everyday operations by consolidating legal spend management resources and centralizing storage. Keep track of legal invoices in one convenient place.
Law firms can send their invoices directly to Dazychain, or your finance administrators can create supplier cards and invoice totals for reporting purposes.
“We are saving at least two hours a week per person, or probably more, using Dazychain.”
Kirrilly Gordon
Group Commercial and Legal Manager
SEE Civil
Matter reporting and visibility
Matter management data analytics provides visibility into workload, matter progress, legal spend, and operational performance, helping legal leaders make more informed decisions. Learn more about Matter Management Software and how matter data supports legal reporting, workload visibility, and spend analysis.
Upgrade to the legal spend management solution for in-house teams
Dazychain is committed to streamlining, structuring and simplifying every aspect of your in-house legal matter management. Our dedicated legal spend management module offers a simple solution to manage legal fees for all your external legal spend management.
