Legal, LCA Auditing, Associate, Irving

Job description

Job Summary & Responsibilities

BUSINESS UNIT OVERVIEW

The Legal Department of Goldman Sachs provides the highest quality legal advice and support to all divisions of the firm.  It serves to protect the firm’s financial well-being and reputation, and it assists the firm’s businesses in evaluating risk associated with their activities and completing transactions.  The department has four primary locations – New York, London, Tokyo, and Hong Kong – and a significant presence in 22 other cities, including Bangalore, Irving (Dallas), Jersey City, Singapore, Sydney, and São Paulo.  The Finance team, in turn, manages the budgets, expenses and overall financial planning for the division. The global team is located in New York, London, Irving and Bangalore.

ROLE OVERVIEW

To confirm that our vendors are acting in accordance with our billing guidelines and to prevent inappropriate billing of time and services, we are seeking an experienced professional to audit our legal invoices. The professional will be responsible for analyzing legal invoices against both our guidelines and customary and reasonable billing standards in the industry. The audit will identify breaches of our policy and/or generally accepted industry billing standards and will ultimately test the reasonableness and necessity of the charges incurred.

Examples of issues addressed during a legal invoice audit include, but are not limited to:

• Billing for time in excess of what should have been spent
• Duplicate time charges
• Over-staffing or inefficient staffing (e.g., unauthorized multiple attendance; multiple drafting and revision of documents; billing for supervision; excessive file reviews; attorneys billing for performing secretarial or paralegal functions at attorney rates)
• Recycled work product - billing more than one matter for the same hours spent
• Poor billing practices (e.g., cryptic invoice descriptions; bundling of described functions)
• Excessive de minimis time charges
• Rounding of time charges
• Charging for overhead (e.g., heat and air, routine postage, local travel, office supplies, conference rooms, etc.)
• Mark-up on costs such as Lexis/Westlaw, expert witnesses, etc.

Basic Qualifications

• JD, paralegal, or large firm billing experience strongly preferred; bachelor’s degree required
• 3+ years’ work experience preferred
• Familiarity with transactional legal services, private law firm experience preferred
• Strong analytical, organizational and interpersonal skills
• Excellent written and oral communication skills
• Self-starter with superior attention to detail
• Works well independently as well as in a team environment

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.  © The Goldman Sachs Group, Inc., 2015.  All rights reserved.

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