CASE STUDY Fortune 200 Energy Company | United States
F200 Energy Company Saves Over $600K From Managed Invoice Review
Client Need
The legal department aimed to:
- Relieve their in-house counsel from the time-consuming task of reviewing law firm bills.
- Enforce their Outside Counsel Guidelines (OCGs) where appropriate.
- Get insights into their key matter spends.
Client Solutions
- Conduct a $4M pilot invoice review on two key matters.
- Utilize AI models to analyze timekeeping trends.
- Identify excessive administrative and unauthorize billing.
- Generate cost savings and initiate dialogue with the firm’s partner.
- Foster a transparent, consultative relationship with outside counsel.
- Continue to provide ongoing invoice review support for strategic matters.
Why Epiq
- US lawyers with, on average, 25+ years of billing experience.
- Matter-level summaries offering deeper insights into the work performed.
- A collaborative and practical approach to review.
Results and Benefits
Reviewed $5.23M in spend data over three months.
Achieved $600K in cost savings over nine months.
Delivered three times the ROI during the pilot phase.
Identified an additional $3.6M in potential cost savings.