“Chase Cost Management provided us with timely, in-depth information regarding industry trends in legal research costs that helped us to make informed decisions in our contract negotiations. The staff members were knowledgeable and helpful, and they guided us through the process while allowing us total flexibility in managing our vendor relationships. Armed with the information we received from CCM, we achieve significant cost savings.”
Gray Plant Mooty
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.
The Issue: The firm was experiencing continuous vendor price increases, despite a lessening of legal research fee recovery, making the research more of a firm expense and inhibiting the firm in competing for alternative or flat fee bids.
The Solution: CCM provided a unique and comprehensive analysis of all the legal research contracts, proposals, and usage, identifying cost savings and suggesting 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 the metrics and strategies to renegotiate its legal research contracts so that the firm now enjoys clearer pricing and at 35% savings.
Known nationally for our effectiveness in the area of Online Legal Research & Electronic Resources, LAC’s CCM Division provides essential analyses of client contracts with vendors. The complexity of such information usage by the client is interpreted, unscrambled and clarified to our clients. No two organizations are created equal; we recognize the changes in the market and focus on each of our clients’ cultures and individual needs when reviewing and negotiating agreements. We understand that vendor contracts are both multi layered and highly complex. Thus, we have developed unique strategies at our think table to ensure maximum client savings. As industry leaders, we stay up to date on research trends and advise clients as the industry changes.
Once negotiations are complete and contracts are implemented, we oversee implementation of new contracts to insure maximum value derived. Insure that any new platforms and products related to the contract are delivered seamlessly. Review contract performance and utilization on a monthly basis, and alert the firm to new technologies that will enhance user effectiveness and efficiencies.