Compliance reporting tracks adherence to reporting deadlines, budget submission requirements, staffing restrictions, approval prerequisites, and billing format rules. It may be generated by the client's systems or self-reported.
Results feed panel evaluation.
Alternative Names:
Guideline Compliance Report, Compliance Reporting
Why it Matters?
Compliance is measured whether or not a firm tracks it, since e-billing systems and matter management platforms generate the data automatically. A firm unaware of its own compliance rate learns it during a panel review rather than in time to correct it. Monitoring internally, particularly on reporting deadlines and budget submissions, is the difference between managing the relationship and being evaluated on it.
Frequently Confused with
Frequently asked questions
What does compliance reporting track?
Why monitor internally?
