CASE STUDY Fortune 500 Company | United States
F500 Company Uncovers US$2M in Outside Counsel Billing Violations
Client Need
- Analyse outside counsel invoices for M&A matters.
- Identify line items that didn't meet outside counsel guideline billing standards.
- Prepare a report for upcoming law firm negotiations.
- Provide additional negotiation insights as needed.
Client Solutions
Collected invoice data and performed a detailed expert review using proprietary Epiq AI models. Identified US$2 million in potential billing violations out of the US$5.5 million in invoices reviewed, including:
- Billing for administrative tasks like mail forwarding, data tracking, and calendaring.
- Excessive legal research by partners.
- A law clerk billing as an associate for non-material work during the holidays.
Why Epiq
- In-jurisdiction lawyers with 25+ years of billing experience.
- Consultative approach to support negotiation.
- Proprietary data science models and business intelligence for data insights.
Epiq provided the evidence I needed to reset expectations with the outside counsel firm.
— General Counsel
Fortune 500 Company
Results and Benefits
Flagged US$2M in Outside Counsel Guideline violations.
Identified US$900K in potential savings.
Created a negotiation strategy report.