Success Story
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: Chase Cost Management, using its proprietary metrics and deep industry experience, not only evaluated the organization’s current office supplies contract, but the client’s total costs under the proposed GPO provider arrangement. Instead of the health care provider joining the GPO, CCM was able to establish better-than-GPO pricing with the office supply vendor as well as instituting a robust rebate initiative that saves the health care provider more than seven hundred thousand dollars annually. In addition, CCM provides quarterly audits and closely monitors usage to keep the core list efficient.
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.
Small Parcel Shipping
Contract Benchmarking and Negotiation
CCM analyzes clients’ complex shipping contracts and identifies diverse methods to reduce shipping expenses. CCM can negotiate directly with a carrier on behalf of a client, or guide the client through the contract negotiation process to ensure they receive all the carrier incentives that are available. Incentives are typically based on shipping volume, service level mix, package characteristics (sizes/weights), zone distribution, etc.
Contract Review & Optimization
Due to our industry experience, CCM can help clarify complex contract language and recommend best practices in order to optimize savings opportunities for the client.
Periodic Audit
CCM does not offer a stand-alone bill auditing service; our experts analyze your invoices as part of our optimization service in order to identify inaccuracies, discrepancies and other areas of concern.
