Legal Billing Analyst
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Job Location:
Chicago, IL - USA
Monthly Salary:
Not Disclosed
Posted on:
2 days ago
Vacancies:
1 Vacancy
Department:
Job Summary
Vedders Chicago office is seeking a Legal Billing Analyst. The Legal Billing Analyst will be responsible for partnering with the Finance and Billing teams to provide client billing support to the President and CEO of Vedder. The Legal Billing Analyst will also be responsible for identifying opportunities to utilize AI analytics to enhance processes and improve billing efficiency while maintaining good rapport with internal/external clients and attorneys. The Legal Billing Analyst will report to the President & CEO with a dotted line reporting structure to the Secretarial Manager and liase with the Accounting Department to coordinate client billing and collections.
As the Legal Billing Analyst your duties will include but not be limited to:
- Work with Primary Legal Secretary and Senior Billing Specialist to ensure timely and accurate billing to clients for the President and CEO based on client guidelines and Firm policy
- Assist with reviewing and processing pro formas including time entries and billing rate entries
- Collaborate with billing department collections team and clients to collect payments from clients in a timely manner
- Research and utilize AI analytics to enhance processes and improve billing and collections efficiency
- Prepare and edit summaries of fees and expenses in response to CEO requests
- Assist Legal Secretary with monitoring retainer balances and ensuring proper application of funds
- Assist with processing approved write-offs in accordance with policies and procedures
- Effectively interact and communicate with attorneys paralegals secretaries and clients regarding billing matters
- Handle review of smaller bills on behalf of CEO correcting any discrepancies or distributing to clients for payment
- Work with Legal Secretary and maintain spreadsheets on all billing and collections for CEO including but not limited to managing costs on all matters for accuracy and timely billing in accordance with client guidelines and Firm policy
- Assist with proactively managing inventory (both billed and unbilled) on client accounts assisting with the collection effort including direct interaction with attorneys clients and Accounting Team
- Assist with reviewing and verifying accuracy of billings and provide supporting documentation as required
- Research and respond to inquiries regarding billing issues and problems
- Create billing reports and spreadsheets for analyses as required
- Enter new clients and matters into the billing system
- Ensure the accuracy and integrity of information being shared with management clients and internal customers. Respond in a timely basis to management and attorney inquiries
- Serve as back-up on executive legal secretary responsibilities
- Perform special projects as assigned
- Maintain and organize client billing files
Skills & Competencies:
- Ability to prioritize multi-task and meet deadlines in a fast paced environment
- Ability to work core business hours with flexibility for overtime
- Ability to handle confidential information in a discreet professional manner
- Strong attention to detail and accuracy
- Ability to work independently self-starter
- Strong written and verbal communication skills
- Excellent organizational skills
- Effective team member
- Understanding of legal billing elements processes and systems including exception rates discounts multipayors and electronic billing
Qualifications & Required Experience:
- Bachelors degree in Accounting/Finance or equivalent work experience in a similar role required
- Billing experience for a law firm or professional services firm preferred; Equivalent internship experience in a law firm or professional services firm acceptable
- Position also requires the ability to work under pressure to meet strict deadlines.
Computer Skills:
To perform this job successfully an individual must be proficient in the following software:
- 3E Accounting System experience preferred
- Proficient with Microsoft Word and Excel
Compensation Range: $50000/yr. to $70000/yr.
At Vedder we believe in recognizing and rewarding our employees contributions. Our comprehensive Total Rewards Package includes:
- Competitive Salary: We offer a competitive base salary commensurate with skills and experience.
- Bonus Program: Discretionary annual bonus program.
- Retirement Planning: Discretionary profit sharing and 401(k) matching to help you plan for your future.
- Health and Wellness: Comprehensive health dental and vision plans along with optional health savings and flexible spending accounts firm-paid Life and Disability benefits and wellness programs to support your overall well-being.
- Paid Time Off: Competitive time off package including vacation days paid holidays sick time and personal days.
- Professional Development: Opportunities for continuous learning and career growth through firm provided training programs.
- Employee Recognition: Anniversary and Vedder Praise Programs to celebrate your achievements and milestones.
- Work-Life Balance: Hybrid work model and family-friendly policies.
- Additional Perks: Employee discount program pre-tax commuter benefits back up child & elder care Employee Assistance Program (EAP) fitness center discounts and more.
Join Vedder and be part of a team that values hard work and dedication!
Equal Employment Opportunity
Vedder Price P.C. is an equal opportunity employer. We value and encourage diversity and solicit applications from all qualified applicants without regard to race color gender sex age religion creed national origin ancestry citizenship marital status sexual orientation physical or mental disability (where applicant is qualified to perform the essential functions of the job with or without reasonable accommodations) medical condition protected veteran status gender identity genetic information or any other characteristic protected by federal state or local law. We participate in E-verify.
Applicants who are interested in applying for a position and require special assistance or an accommodation during the process due to a disability should contact the Vedder Recruiting Team at
Required Experience:
IC
Key Skills
About Company
Vedder Price and our 340 lawyers serve a global client base from offices in Chicago, New York, Washington, DC, London, San Francisco, Los Angeles, Singapore, Dallas and Miami. We deliver high-value, best-in-class legal counsel in the areas of M&A/private equity, banking and commercial ... View more
