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	<title>Idea Salad with Yong Lee &#187; LEDES</title>
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	<description>Sure you have a lot on your plate, but leave room for your salad.</description>
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		<title>LEDES Me Away To E-Billing Land</title>
		<link>http://omtiblog.com/ideasalad/omti/reporterbase/ledes-me-away/</link>
		<comments>http://omtiblog.com/ideasalad/omti/reporterbase/ledes-me-away/#comments</comments>
		<pubDate>Fri, 12 Mar 2010 22:42:01 +0000</pubDate>
		<dc:creator>Yong Lee</dc:creator>
				<category><![CDATA[Best Practices]]></category>
		<category><![CDATA[Industry news]]></category>
		<category><![CDATA[RB8]]></category>
		<category><![CDATA[ReporterBase]]></category>
		<category><![CDATA[e-billing]]></category>
		<category><![CDATA[LEDES]]></category>
		<category><![CDATA[Legal Electronic Data Exchange Standard]]></category>

		<guid isPermaLink="false">http://omtiblog.com/ideasalad/?p=85</guid>
		<description><![CDATA[Cut e-billing down to a manageable size with RB8's new LEDES 98B-compliant invoices. <a href="http://omtiblog.com/ideasalad/omti/reporterbase/ledes-me-away/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p>I hate consultants. As the saying goes, “Consultants borrow your watch to tell you the time — and then charge to return the watch.”</p>
<p>I believe they are responsible for all the rules that benefit large corporations, while putting so many burdens on small companies like ours.</p>
<p>Here is an example:</p>
<p>Back in 1995, large corporations (mainly insurance companies) were complaining about spending too much money processing paper invoices submitted by law firms. They wanted to automate the data-entry process to cut costs.</p>
<p>They also wanted to scrutinize the invoices line-by-line to control the escalating legal costs. They were throwing around words like, “efficiency,” “automation,” “cost containment” and “standard.”</p>
<p>Guess what? Those are the kind of words consultants feed on. Price Waterhouse (a den of consultants) was hired to spearhead the project to come up with a standard to exchange legal data electronically.</p>
<p>The Legal Electronic Data Exchange Standard (LEDES) was adopted by all the parties involved. Law firms hated it (they still do). Time-and-billing software vendors for the legal industry scrambled to come up with updates to handle this new requirement. And poor old secretaries in small law offices were typing funny-looking characters using Notepad to create LEDES files by hand.</p>
<p>No more one-line invoices like, “Services rendered by me: $50,000.”</p>
<p>Over time, law firms have learned to live with it. It&#8217;s become the status quo.</p>
<p>Now it’s the court reporting firms’ turn. You get to go through lots of motions to save big corporations money if you want to keep your clients who rely on e-billing.</p>
<p>However, you don’t need to suffer as many law firms did, if you are using RB8. I worked with our programmers for over a year on LEDES for RB8. With the latest update, you can easily generate LEDES 98B files and email them to whomever is holding your money as hostage.</p>
<p>Once you have set up the codes in your Service Items Master List and mass-updated your billing rate tables, it&#8217;s as easy to generate a LEDES 98B-compliant invoice as any other invoice in your RB8. And by giving your clients invoices that they can directly upload into their e-billing system, you enhance your chances of getting paid quickly.</p>
<p>This e-billing option is included free in RB 8.53, released March 12, 2010. And we&#8217;ve published an e-Billing User Guide on <a href="http://www.omti.com/rb" target="_blank">our website</a> in the Team RB members-only area, so you can start using this new feature immediately.</p>
<p>I&#8217;ll probably never warm up to consultants, but I love programmers.</p>
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