Spend Management
Identify and act on cost savings opportunities in your legal department.
Manage your legal department with insights from your data to control legal spend, manage outside counsel performance, and maximise the impact of the legal budget.
Decide
Decide where to assign work.Audit
Audit compliance with outside counsel guidelines.Manage
Reduce the administrative burden of managing outside counsel.Communicate
Clearly and accurately communicate legal department spending.Key Features
Reduce the Administrative Burden of Managing Outside Counsel
- Audit organisation outside counsel guideline compliance with an AI-driven system tuned to your policies.
- Deploy legal billing experts to manage the invoice review process, driving lawyer review time to zero with guaranteed cost reductions.
- Enforce cost discipline with a competitive bidding process for new matters.
- Defend against out-of-line rate requests with data-driven negotiation supported by legal billing experts.
Make the Business Case to Drive the Strategic Allocation of Work
- Identify 1st and 2nd level document review performed by law firms using AI, to estimate future cost savings.
- Compare law firm panels to identify high-performing firms where work can be re-balanced to reduce costs and increase value.
- Analyze consistent patterns of work to find where capacity can be shifted to full-time or part-time flexible resources.
- Accelerate cost savings with a roadmap to reduce total legal spend in under 60 days.
Clearly and Accurately Communicate Legal Department Spending
- Tap into 200 proprietary models to clean and improve your raw invoice data from any eBilling system or directly from your law firms.
- Gain full visibility into the work being performed by your law firms with expert-driven business intelligence, enabling effective communication of results and savings opportunities.
- Ensure visibility and control of legal department activities using data across technology platforms.
Why Epiq for Spend Management
Find Cost Savings in Litigation
Identify cost savings opportunities with Epiq’s expert-trained AI models for litigation.Quickly Act on Savings
Gain both the ability to identify and act on cost savings opportunities from a single organisation that understands litigation spend.Expert-Led AI Enabled
Engage a multidisciplinary team of lawyers, data scientists, and business intelligence engineers for expert-led, data-driven insights to inform legal spend decisions.Decades of Experience
Assure results by working with dedicated teams with years of AI experience, a strong command of industry best practices, and a proven track record for delivering results.Legal Focused Provider
Trust your business or firm’s AI transformation to a technology and solutions provider specialising in legal.Microsoft Partner of the Year
Gain confidence by working with Epiq, the Microsoft Global Compliance Partner of the Year, in 2023 and a finalist in 2022 and 2024.
