Case Study: Fortune 500 Personal Insurance Company achieves 10.1% savings per matter with Bodhala

How one Fortune 500 personal insurance carrier saved 10.1% per matter using Bodhala’s Firm Report Cards and Internal Benchmarking tools

Fortune 500 Personal Insurance Company faced a costly, time‑consuming rate card and RFP process that routinely produced higher legal fees, misaligned legal and finance priorities, and left the team with “questionable” budgets. To address this, the company engaged Bodhala, using Bodhala’s Firm Report Cards, Internal Benchmarking tools and the Rate Card RFP management solution to streamline and better inform their procurement decisions.

Bodhala centralized and standardized law firm quotes, enabled quick customized requests, and benchmarked timekeepers so work could be allocated to the most efficient talent while driving greater firm efficiency. The result was a measurable 10.1% savings per matter, a drop in average hours per matter, and a 99% reduction in the administrative burden of managing the RFP process, allowing the team to focus on higher‑value analysis.