Cadwalader to Transform Billing Compliance Processes with Elite Validate™
Leading international law firm Cadwalader, Wickersham & Taft has become the latest law firm to transform and optimize its compliance with outside counsel guidelines (OCGs) with Elite's new AI-powered solution Elite Validate.
Considered to be one of the world’s most prominent financial services law firms, Cadwalader represents premier financial institutions, funds, Fortune 500 companies, other leading corporations, and individual private clients. With a history spanning over 230 years, it is also New York City’s oldest law firm and one of the longest continuously operating legal practices in the U.S. Its 437 legal professionals, including 123 partners, are based in five offices across the U.S., U.K., and Ireland. The firm also has a long-standing reputation for innovation, which is reinforced by its early adoption of Elite Validate.
Elite Validate is a purpose-built billing compliance solution designed to optimize adherence to OCGs, analyzing client guideline documents in minutes to create a list of easy-to-read billing rules. These rules are automatically enforced throughout the invoice review process, instantly notifying users of any deviations. By harnessing the power of AI, firms are now able to turn a critical but error-prone and resource-intensive task into an opportunity for greater efficiency and profitability.
Cadwalader utilizes 3E as its core financial and practice management system, as well as eBillingHub®, Elite’s pioneering electronic billing solution built specifically for law firms. With the addition of Elite Validate, the firm will now be able to maximize the synergies between the fully integrated solutions across the firm’s entire work-to-cash processes.
“OCG compliance challenges for firms like ours continue to grow, in both their volume and their complexity, and finding a solution which improves, optimizes, and automates these processes was really key,” said Lisa Palestine, Chief Financial Officer at Cadwalader. “We are impressed by the ability of Elite Validate to streamline a complex process, as well as the fact that it continuously learns from invoice reductions to prevent future problems. Incorporating Elite Validate, alongside 3E and eBillingHub, within our business will save valuable time, speed up payments, and help ensure we continue to deliver the best possible service to our clients.”