We are proud to announce that 2014 marks the 10 year anniversary of the Mattern & Associates Cost Recovery Survey. First conducted in 2004 and featured in the Wall Street Journal in 2012, our Survey is an industry-recognized and trusted source for law firms to compare their performance in the recovery of costs to that of their peers in multiple areas.
Over these ten years, we have drawn broad participation from the nation’s most distinguished firms. This is because the results participants receive are broadly viewed as an invaluable and concrete, decision-making tool. Legal industry leaders have described the Mattern & Associates Survey as,“The most comprehensive snapshot of cost recovery trends and practices available in the legal field.”
The 2014 Survey will explore traditional, modern, and emerging cost recovery areas—and for the first time will include a workflow analysis component. Some of the salient data from the 2012 results revealed this type of cost-saving, insightful data:
- The percentage of firms implementing alternative methods of recovering for soft costs, and that this was on the rise.
- Percentage of clients continuing to push back and refusing to pay certain soft cost recoveries, especially percentages in the areas of legal research and B & W photocopy.
- Print and scan recoveries across the board continued to increase with some of the lowest push back percentages in the 2012 Survey.
- The net realizations of soft costs continued to erode while hard costs’ continued to significantly increase.
Participating firms receive a fully customized report comparing their firm’s cost recovery practices to industry benchmarks; survey details are broken down by firm size and geographic location and are reviewed in conjunction with one of Mattern’s cost recovery experts.
To join your peers and participate in the 2014 Cost Recovery Survey, contact Lisa Schneider today at firstname.lastname@example.org. Only participants receive customized reports.