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Generational Equity Advises Legal Cost Control in its Sale to Alan Gray
Wednesday 07 December 2022

US-based mergers and acquisitions advisor Generational Equity advised US-based legal auditing specialist Legal Cost Control, Inc. to claims and audit advisory firm Alan Gray LLC, the firm said.

The acquisition closed September 8, 2022.

Legal Cost Control (LCC), located in Haddonfield, New Jersey, is the foremost company in Legal Spend Management & Matter Management services.

The company's founder, president John J. Marquess, Esq., is universally credited with the creation of legal auditing in the 1980s.

LCC personnel performed the country's first legal bill reviews and audits in 1985, created the first e-Billing process in 1996, and pioneered the first integrated Matter Management system in 2003.

Since 1985, LCC personnel have reviewed over USD 42bn in legal and professional billings, and the company currently oversees legal bill reviews of millions of dollars of billings for corporate clients throughout the US.

During the mid-1990's, LCC developed one of the world's first fully-functional "wire-to-wire- web-based, paperless" systems for use by its clients, free of charge.

Today, LCC's core bill review services are supported by its proprietary Simple Invoice Management System, a web-based invoice management system capable of processing all forms of legal bills in a unified, electronic format, which LCC then subjects to exhaustive artificial intelligence & subjective analytical review.

SIMS has been continuously maintained, upgraded and refined over the company's years in operation, and includes several modules from which clients can choose all or some.

Utilizing advanced technologies, data analytics, dashboards and active collaboration, the system allows clients to monitor unlimited metrics simultaneously, allowing instant status of matters/cases and legal bills.

Headquartered in Boston, Massachusetts, Alan Gray (AG) was established in 1988 as a claims and audit advisory firm, and over the years has built a reputation as a cost effective, reliable and trusted resource to those involved in the management of risk.
Date Published: 07/12/2022