The Client: A global top 15 law firm, headquartered in the United States, asked Chase Cost Management to provide them with an analysis of the firm’s legal research contracts for electronic information resources.
The Issue: The firm was experiencing continuous vendor price increases along with reduced legal research fee recovery, increasing research expenses and handicapping the firm’s competitive stance in alternative or flat fee bids.
The Solution: CCM provided a comprehensive analysis of all the legal research contracts, proposals, and utilization to identify and recommend c0st-saving options. CCM assembled a team of stakeholders that included practice group heads and provided a specifically-tailored survey to quantify what options would work best for the firm. CCM provided the firm with metrics and strategies to renegotiate its legal research contracts, resulting in greater pricing clarity and 35% savings.