"CCM’s base of knowledge is both broad and deep, which provided us with the necessary information to ensure successful outcomes for both contract spend and performance. CCM’s approach to our negotiations was tailored to our unique needs, giving us added confidence that our final contracts would meet the expectations of our management and the needs of our employees. Now that the contracts have been signed, CCM’s monthly auditing continues to provide us with indispensible insight into the daily performance of our contracts. It is for these reasons that decision-makers at so many top firms have utilized CCM to ensure successful budgeting without the oft-accompanied sacrifice of functionality."
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.