Case Study: Top PE Firm achieves over $20M in savings and rate reductions (12% fund formation, 7% M&A) with Bodhala

How a top PE firm leveraged Bodhala to decrease their premier fund formation rates by 12% - and their M&A rates by 7% - resulting in over $20M in savings

Top PE Firm turned to Bodhala’s Benchmarking Suite when its CFO grew concerned about rising outside counsel spend and the team lacked clear, comparable data. The firm needed to understand average rates and total costs by deal type (M&A, Fund Formation, General Corporate, Litigation) so the GC could defend legal spend and pursue better value.

Bodhala combined internal benchmarking of the firm’s top six panel firms with market benchmarking against relevant cohorts to reveal rates, discount structures, and historical write-offs by work type. That leverage drove negotiations that cut fund formation rates by 12% and M&A rates by 7%, yielding over $20M in savings and equipping the GC to justify spend to the CFO.