Case Study: EQT achieves transparent, predictable legal spend and cost efficiencies with Apperio

EQT - Customer Case Study

EQT, one of the world’s largest investment organisations with €52 billion in assets under management, 17 active funds and more than 700 staff across 17 countries, faced rising and hard‑to‑predict legal costs across a panel of about 60 external law firms. Regulatory and investor demands — particularly during fundraising and investor negotiations — amplified fee variability, and EQT had relied on manual firm reports that left unexplained gaps. To tackle this, EQT adopted Apperio’s legal spend tracking and analytics software.

Apperio connected EQT’s law firms and automated spend reporting, giving the in‑house legal team real‑time visibility to manage by exception and compare costs across funds and investors. As a result, Apperio helped EQT remove roughly 90% of email‑based reporting tasks, improve monthly accrual and financial reporting toward ~95% confidence, prompt timelier time entries from firms to avoid unexpected fee jumps, and surface material cost differences to improve budgeting and transaction planning.

EQT

Paul Dali

Managing Director of Legal