Implement a Comprehensive Cost Recovery Strategy for Your Firm
Implement a Comprehensive Cost Recovery Strategy for Your Firm
See the video featuring Director of Client Technology & Strategy, Stephen Cole.
A legal cost recovery consulting services engagement with Mattern & Associates is focused, extensive, detailed, and data-driven. We analyze your existing cost recovery rates and processes, compare them to industry and peer benchmarks and best practices, and recommend a plan of action that will bring about significant improvement. The scope of our investigation includes:
Copies and prints, both color and b/w
Scans
Digital services
Legal research
Overnight shipping & postage
Litigation support / eDiscovery services
Cost Recovery is Becoming Increasingly Important
Client and attorney pushback are nothing new. Pressure on rates and clients’ refusal to pay have been–and will continue to be–part of the norm. These aspects of firm management and cost recovery have changed and are not going back to the ‘good old days’. What is new is recognizing and taking advantage of market conditions. As firms push business operating models and favor profit models of conducting business over antiquated revenue models, strong cost recovery models are increasingly important.
What Do We Deliver To You?
A current-state assessment documenting cost recovery processes, average costs, and the average dollar recovery for specific services, including quantified rates, billable and non-billable activity, exception editing, and collections
Expense recovery per service area benchmarked against the industry and firm-selected peers
Identified areas of cost recovery “leakage”
Five-year projections of cost recovery revenue
An evaluation and recommendations for cost recovery system hardware
A Mattern-managed request for proposal (RFP) and evaluation of options for a cost recovery system if necessary
Additional cost recovery opportunities and alternate cost recovery methodologies
Law firms trust Mattern for several key reasons: we’re vendor agnostic, which means we objectively find the best solution, and we have over 20 years of deep industry expertise helping over 450 firms achieve savings approaching 50% more than they were able to get on their own. We’re experts at knowing the questions to ask, the terms to look for, and the language to be included in a contract to give our clients the most flexibility and savings possible in an ever-changing environment. Learn how our proven strategy can benefit your firm.
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