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!