CASE STUDY Manufacturing Technology Company | North America
Fortune 500 Manufacturing Technology Company Achieves Cost Savings, Enhances Compliance, and Streamlines Spend
Client Need
- Understand spend, streamline billing processes, upgrade technology, and utilize data for forecasting.
- Legacy billing system needs to be updated with outside counsel guidelines that support and enforce invoice compliance.
- To remove administrative tasks, so in-house counsel can focus on legal issues.
Client Solutions
- Create a roadmap for improvements and a holistic spending program that aligns with OCGs.
- Interview in-house lawyers to gather feedback, integrating their recommendations.
- Codify new OCGs into the ELM system for enforceability.
- Draft new components, including accrual details and invoicing requirements.
- Simplify the existing OCG document by 50 percent.
- Create an exportable data function in the ELM system, enabling "sliceable" spend analysis.
- Add accrual, budgeting, rate management, and AI provisions as requested.
Why Epiq
- Identify cost savings opportunities with Epiq expert-trained AI models for litigation.
- Engage a multidisciplinary team for expert-led, data-driven insights to inform legal spend decisions.
- Gain the ability to identify and act on cost savings opportunities from a single organization that understands litigation spend.
- Align the legal department with a common approach to managing OCG issues.
Results and Benefits
Establish a baseline of existing spend for forecasting future improvements.
Unbundle litigation spend from other business functions.
Identify a pattern of late fee charges and reshape guidelines to enforce client-beneficial rules.