Optimize Your Legal Spend with Juro's External Tracking Tool

As a legal department, managing external legal spend can be a daunting task. With multiple law firms, vendors, and contracts to track, it's easy to lose sight of where your money is going. That's why Juro has developed a powerful tool to help you track and optimize your external legal spend. In this article, we'll explore the benefits of using Juro's external tracking tool and how it can help you streamline your legal operations.

What is External Legal Spend?

External legal spend refers to the money your organization spends on outside legal services, such as law firms, vendors, and contractors. This can include everything from routine contract work to complex litigation. Managing this spend effectively is crucial for controlling costs, improving efficiency, and ensuring compliance with regulatory requirements.

Why is Tracking External Legal Spend Important?

Tracking external legal spend is important for several reasons:

• It helps you identify areas where you can reduce costs and optimize your legal operations.
• It enables you to make data-driven decisions about which law firms and vendors to use.
• It helps you ensure compliance with regulatory requirements, such as those related to procurement and contract management.
• It provides valuable insights into your legal department's performance and helps you identify areas for improvement.

How Can Juro's External Tracking Tool Help?

Juro's external tracking tool is designed to help you track and optimize your external legal spend. Here are some of the key features and benefits:

• Real-time tracking: Juro's tool provides real-time tracking of your external legal spend, so you can stay on top of your costs and make informed decisions.
• Customizable reporting: Juro's tool offers customizable reporting, so you can generate reports that meet your specific needs and requirements.
• Integration with existing systems: Juro's tool integrates with your existing systems, such as your ERP or CRM, to provide a seamless experience.
• Automated workflows: Juro's tool automates many of the tasks associated with tracking external legal spend, such as invoice processing and payment tracking.
• Compliance support: Juro's tool provides compliance support, including features such as contract management and procurement tracking.

Conclusion

Tracking external legal spend is a critical component of any legal department's operations. Juro's external tracking tool is designed to help you streamline your legal operations, reduce costs, and improve efficiency. By using Juro's tool, you can gain valuable insights into your legal department's performance and make data-driven decisions about which law firms and vendors to use.