A 24 million dollar leak. That is what noncompliant legal spend can cost a 200 million dollar budget each year. Our Onit Community just launched a powerful new series breaking down how legal teams can stop the leak and take control of spend with smarter systems and AI. Read Part 1 👇 https://lnkd.in/eTVGsFVq #Onit #LegalOps #LegalInnovation #LegalTech #AI #SpendManagement
Non-compliant legal spend quietly drains 6–12% of annual legal budgets. For an organization spending $200M on outside counsel, that’s a $24M leak every year. With billing rates climbing at the fastest pace since 2005, it’s time to rethink how legal ops manages spend. That’s why we’re launching a five-part series on how to stop the leak: 1️⃣ Hidden costs of manual invoice review 2️⃣ The role of outside counsel billing guidelines (OCBGs) 3️⃣ Forecasting and reporting with AI 4️⃣ Redefining legal ops roles in an automated world 5️⃣ Building the ROI case for AI Part 1 just dropped, read it here: https://lnkd.in/ewXy2BvB