Legal Spend Management

Legal spend management solution for in-house legal teams

Manage. Review. Allocate. Optimize.

Keeping track of spend on law firms is a key reporting requirement of most in-house legal teams. However this task can be tedious, effort-intensive, and prone to errors.

Dazychain’s end-to-end legal spend management module helps you manage legal spend, streamline the process, and analyze spend data to measure ROI for your legal spend. With Dazychain, in-house legal teams gain total control over legal expenses.

Legal Spend Management

A holistic solution for legal expense management

Analyze the spend of your legal department

Gain transparency and accountability

Centralize control of legal spending

Utilize fast, error-free reporting

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Optimize your legal spend management with cutting-edge technology

Dazychain’s legal spend management solution monitors your expenses, analyzing the 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.

Critical analysis of legal spend

Understand where you’re spending money and why

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.

  • Keep track of all your external firm spend by work type, business unit, region, or key internal client
  • Gain transparency on matter durations and timely performance

  • Drill down to resource allocation and associated costs
  • Get key insights on performance-based ROI
  • Perform periodic reviews
  • Create ratings for law firms on performance
  • Compare projected matter budgets to actuals

  • Enable strategic discussion on matter management to internal resources versus external spend
  • Create business cases for additional resources based on external spend and work types
  • Rightsize your legal budget to do more with less

Centralize control of legal spend

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.

  • Store all your bills and invoices in one place
  • Upgrade from manual maintenance to electronic storage
  • Get unlimited storage so you can scale as your company grows
  • Create a secure, accessible repository for all matter invoices

  • All data is backed up on multiple servers across various geographical locations
  • Authorize access for specific users
  • Administrators can assign finance roles to key staff to keep data private

“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

Upgrade to our legal spend management software

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.

  • Automate manual tasks to improve team productivity
  • Access real-time updates with one click
  • Measure the performance of your outsourced legal counsel
  • Understand legal spend across divisions and work types
  • Create performance ratings and comparisons to help you choose the best law firm for the matter

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With Dazychain’s innovative platform you can…

  • Showcase your strategic value

  • Track, measure, and present every legal decision, regardless of its size

  • Highlight your invaluable contribution to the company’s growth and direction

  • Elevate your role with Dazychain as the spotlight that underscores your strategic prowess