The LEDES Oversight Committee has released draft UTBMS codes for Mergers & Transactions. You can view the codes and provide feedback through this page until January 8, 2016.
Tag: LEDES Oversight Committee
Governance Risk & Compliance UTBMS Codes Ratified
The LEDES Board has ratified the GRC UTBMS Code set developed more than a year ago. The new codes are available here on UTBMS.com.
New LEDES Standard Initiative
The LEDES Oversight Committee has formed a development subcommittee to consider UTBMS codes for Mergers & Acquisitions transactions. Go to LEDES,org for more information on how to volunteer for this important initiative.
See You At Legal Tech!
GLE founder Jane Bennitt will attend Legal Tech in February.
On Tuesday 3 Feb Jane will speak at an ILTA-track session with current LEDES Oversight Committee President Cathi Collins. The session will be an open forum where the audience is encouraged to speak about what is right or wrong with ebilling today. Our intent is to frankly discuss ebilling, see if there are projects that should be undertaken by the LOC, and to set priorities. The session will be held at 12:30 in the Mercury Ballroom.
The LOC annual members meeting is on Wednesday 4 Feb and is open to the general public, not just LOC members.
Other than these commitments, we are setting up meetings during the show. As a rule, Legal Tech meetings are free, so take advantage of this opportunity to talk with GLE about your issues, concerns and needs. See you there!
Update from The Association of Cost Lawyers
The Association of Cost Lawyers has released an update on the status of the Jackson Project that includes a recap of the steps undertaken by the project team to create an electronic form bill of costs data exchange standard. They indicate that testing will begin in March followed by an industry consultation stage, and expect final approval some time in June or July of this year.
I want to commend my LEDES Oversight Committee colleague David Nelson for his great work PM’ing the work of the project team.
LOC Members Meeting
The LEDES Oversight Committee members’ meeting on Tuesday, January 29th will include a discussion on the UTBMS Activity and Expense Code revision project and the codes which have been recommended for ratification. Non-members are welcome to attend. See www.ledes.org for more information on the members meeting.
LOC UTBMS Activity and Expense Code Revision Project Update
A quick update on the LEDES Oversight Committee’s Activity and Expense Code Project: The public comment period closed on 26 October and we received only 8 comments on the proposed revisions. The subcommittee will meet shortly to review the comments and move this project ahead, so look for more on this in future postings.