Case Study: Marex achieves real-time legal spend visibility with Apperio

Marex saves 90% of legal admin time with Apperio

Marex, a NASDAQ-listed global financial services platform, faced significant challenges in managing and forecasting its legal spend. As the company grew and became publicly traded, its legal and finance teams relied on outdated spreadsheets and manual processes, leading to poor visibility, inaccurate accruals, and difficulties during audits. This lack of real-time data created administrative burdens and made it hard to justify costs to leadership.

Apperio implemented its legal spend management platform to provide Marex with real-time visibility into all legal fees and accruals. The solution automated data aggregation from over ten international law firms, eliminating manual work. This allowed the finance team to self-serve, saving the legal team 90% of their administrative time and reducing invoice processing delays by 30%. Apperio provided accurate, real-time data that sped up the monthly accrual process, reduced audit risk and cost, and empowered Marex to optimize its law firm relationships and spending.

Marex