January 26, 2016
First-ever legal fee consulting, advisory firm seeks to audit for fair, transparent billing practices
TORONTO--Sterling Analytics Canada, the first and only legal fee consulting and advisory firm in Canada, arrived in Canada late in 2015 The firm will manage, review and audit legal billings on behalf of mid- to large-size businesses that retain outside counsel and have a significant legal spend. Clients can expect to receive a savings of up to 20 per cent in the first month alone through Sterling Analytics Canada's assistance in reducing their legal costs.
The launch of Sterling Analytics Canada follows a partnership with Sterling Analytics, an established legal fee consultancy practice in the U.S. The New York-based firm reviews over one billion dollars of legal spend annually and has a roster of clients that include Groupon, Hertz, Fidelity Financial, American Eagle Outfitters, Citizens Bank and global multiline property and casualty insurer ACE Group.
"Businesses are continually looking for ways to reduce costs in every aspect of their operation. Outside legal counsel is one of the biggest costs a business incurs, and yet legal expenses are often difficult to review because the legal billing process is not transparent," said Jeffrey Campbell, Executive Director, Sterling Analytics Canada. "As the first firm of its kind in Canada, we're looking forward to educating Canadian businesses on improper legal billing practices, guiding them through the process and implementing fair and reasonable billing guidelines with their outside counsel in order to realize savings that will ultimately make a positive impact on their bottom line."
"We are thrilled to extend Sterling Analytics' presence north so that Canadian companies can benefit from our wide range of solutions for managing legal expenses," said Marci Waterman, Esq, Managing Director, Sterling Analytics. "From charges for clerical work at lawyers' rates to billing in large 'blocks' of time, legal firm bills can often be reduced by 15 to 20 per cent. Through our work with clients across all industries with varying legal budgets, we have established a successful and consistent track record of reducing legal expenses while ensuring a collaborative and respectful relationship with all parties involved."
Based in Toronto, Sterling Analytics Canada will provide an identical service offering to its U.S. counterpart and will adopt the same proven methodologies, utilizing legal precedent, baseline data and ethical practices to help clients reduce costs. The Canadian firm will also implement Sterling Analytics' proprietary approach, which includes an empirical assessment of a client's legal expenses, benchmarking against industry best practices and the implementation of strategies to enforce cost controls.
Sterling Analytics Canada is a consulting and advisory firm offering legal review and audit services to companies seeking to manage outside legal spend. Working with companies from a broad range of industries and legal budgets, Sterling Analytics Canada uses proven methodologies based on legal precedent, billing guidelines and ethical standards to rectify incorrect law firm billing practices and reduce legal expenses on behalf of its clients. Sterling Analytics Canada launched in 2015 and is based in Toronto, Ontario. The firm is partnered with U.S.-based Sterling Analytics.