CASE STUDY Large Medical Technology Company | Global
Top Medical Technology Company Revolutionizes Legal Procurement with Faster RFPs and US$30M+ Savings
Client Need
- Strengthen the legal procurement function with a more effective, streamlined RFP process.
- Identify new law firm providers and refresh relationships with existing firms.
- Improve matter management practices.
Client Solutions
- Assess the RFP process to pinpoint client challenges.
- Draft clear, mature RFPs that elevate writing standards.
- Provide training, support, and technical management for the new RFP platform in collaboration with the supplier (JusticeBid).
- Perform technical tasks, manage participants, and communicate with law firm participants.
- Evaluate client-generated RFPs and guide clients to select the best process, including standard, reverse auction, or multi-round.
- Support the entire RFP lifecycle by creating and distributing process documents to stakeholders.
Why Epiq
- Offer a unique supplier bid process, leveraging legal spend and procurement experts to drive cost savings.
- Focus on strategy while experts manage all communications.
- Provide excellent client service with 24/7 communication.
Results and Benefits
Launched project in 48 hours and completed first RFP in five days.
Achieved over US$30M in cost savings and fifteen percent volume savings in the initial RFP.
Trained Legal Operations to streamline response reviews cutting time in subsequent rounds.
Delivered comparative analysis highlighting gaps and misalignments.