Case Study: Fortune 500 Retailer Saves Hundreds of Hours of Manual Reporting, Gains New Insights from Data
- General
Client
Fortune 500 Home Improvement Retailer
Location
US, Canada, and Mexico
Client need
The client needed to streamline and standardise reports generated by Mitratech TeamConnect, their eBilling system, for an annual presentation to key law firms. They aimed to create a comprehensive data-driven report, offering insights into their relationships with these law firms.
Client solution
By consolidating two years of data from the client’s eBilling platform and enriching it with Epiq’s proprietary spend analytics AI models, new insights were derived from the data. The client now has access to dashboards highlighting metrics to gain a real-time understanding of the outside counsel spend and gaps in their communications. With these accessible metrics and dashboards, the client created more substantial reports and communication with their corporate legal department and external law firms.
Why Epiq
Epiq delivers data science driven legal spend analysis. Our proprietary models are trained by experts and used by those same experts to analyse data, develop deeper insights, and help our clients gain visibility into their spend. With Epiq’s support, the client was able to pinpoint specific areas of improvement to its outside counsel, which resulted in more impactful annual business reviews.
Results and Benefits
$54
million of legal spend analysed
65
outside law firms analysed
8
custom dashboards configured to support the yearly law firm partnership review meetings
100+
hours manual reporting time eliminated