Case Study: a Fortune 500 manufacturing technology company achieves cost savings and streamlines legal spend with Epiq

Fortune 500 Manufacturing Technology Company Achieves Cost Savings, Enhances Compliance, and Streamlines Spend

A Fortune 500 manufacturing technology company faced challenges with its outdated legal billing system and a lack of spend visibility. Their goals were to streamline billing processes, enhance compliance with outside counsel guidelines, and utilize data for forecasting, which would allow their in-house legal team to focus on core legal issues rather than administrative tasks. They partnered with Epiq and its Legal Spend Management solution to address these needs.

Epiq implemented a holistic legal spend program by codifying new outside counsel guidelines into their ELM system, simplifying the guidelines document by 50%, and adding new data export functions for detailed analysis. This solution provided the company with a baseline for spend forecasting, helped unbundle litigation spend, and identified patterns like late fees to enforce more beneficial rules. As a result, the company achieved significant cost savings and enhanced compliance through Epiq's expert-led approach.