Case Study: Fortune 500 Company Uncovers $2M in Billing Violations with Epiq Legal Spend Management

F500 Company Uncovers $2M in Outside Counsel Billing Violations

A Fortune 500 company faced a challenge with its outside counsel's billing practices for M&A matters. The client needed to analyze these invoices for violations of its billing guidelines to prepare for upcoming law firm negotiations. They engaged Epiq and its Legal Spend Management service to perform this critical audit and gain negotiation insights.

Epiq implemented a solution that involved collecting invoice data and performing a detailed expert review using its proprietary AI models. This process identified $2 million in potential billing violations out of the $5.5 million reviewed and pinpointed $900,000 in potential savings. Epiq provided a comprehensive report that equipped the client with the evidence needed to successfully negotiate with its law firm.