Case Study: The RealReal achieves greater legal spend visibility with Onit Unity ELM

The RealReal cuts legal rates 5% to 20% with Onit

The RealReal, the world's largest online marketplace for authenticated luxury resale, sought greater visibility and control over its legal spend management. While it was using the SimpleLegal platform from Onit, important billing controls and reporting capabilities were not being fully utilized, limiting the team's ability to track savings and outside counsel performance.

By expanding its use of Onit's Unity ELM solution, The RealReal implemented automated billing guidelines and began tracking invoice write-downs directly within the platform. This provided the data needed to strengthen governance and leverage benchmarking for rate negotiations. As a result, Onit helped The RealReal negotiate rate reductions of 5-20% with its firms, streamline financial reporting, and seamlessly transition to a modernized platform with minimal disruption.

The RealReal