Case Study: a Fortune 200 energy company saves over $600K with Epiq Managed Invoice Review

F200 Energy Company Saves Over $600K From Managed Invoice Review

The customer, a Fortune 200 energy company, sought to relieve its in-house legal team from the burdensome process of reviewing outside counsel invoices and enforcing its billing guidelines. To address this challenge and gain better insight into its legal spending, the company engaged Epiq for its Managed Invoice Review service.

Epiq implemented a solution that included a pilot review of key matters, utilizing AI models to analyze billing trends and identify non-compliant charges. This collaborative approach fostered transparent relationships with outside counsel while delivering significant financial benefits. For the energy company, Epiq’s review achieved $600,000 in direct cost savings and a threefold return on investment, while also identifying an additional $3.6 million in potential savings.