Legal BenchMarket International ('LBI') offers anonymous tendering services for companies in need of legal services world wide. It is a tool to compare the quality of law firms. By using this tool you will get the best quality for your money and you will save a guaranteed 15%. If not, our services are for free. The tool is the most effective means to fight Reputation Billing.
Reputation Billing is the phenomenom by which companies with a strong brand name are penalized when invoiced for services.

We use three types of benchmarks to measure the savings:
A. The historic Benchmark (what did you pay for similar services in the past?)

B. The actual Benchmark (what will you pay when you request legal services?)

C. In absence of A and B, the hypothetical benchmark. I.e. the highest bid in a tender. Or the second highest bid, if the highest bid
is 25% higher than the second highest bid.

Our fees are 10% of the savings plus €1.800 or 20% of the savings if the savings exceed $1 million.

The model is better than NO CURE NO PAY. Up to 14% savings, we do the work for free, no sour grapes!

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News

10/17/2012
The ABA Report on hourly billing is available. Send an e-mail to info@legalbenchmarket.com

"Benchmark"
1. a point of reference from which
measurements may be made;
2. something that serves as a standard
by which others may be
measured
(Webster's New Collegiate Dictionary)

"Market"
The area of economic activity in which buyers and sellers come together and the forces of supply and demand affect prices….
(Webster's New Collegiate Dictionary)

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