GLEN MILLS, Pa. – January 28, 2011 – Legal support services consulting firm Mattern & Associates, LLC (matternassoc.com) today announced that it has finalized its 2010 cost recovery study and is in the process of distributing the results to the eighty-one (81) firms that participated.
The bi-annual study, conducted since 2004, is the most comprehensive examination of cost recovery practices in the legal field with details broken down by size and geography. This year’s study also contained the largest number of participants and the widest geographic disbursement of any previous study.
“Our focus for this study was to really drill down on the realization of individual areas of soft cost recovery and the emerging litigation support field,” says Rob Mattern, President of Mattern & Associates. “We also wanted to represent all the data broken down by geography and firm size, so the study brings more value to the individual participants.”
Another new feature of this year’s study is that the entire report is web-based and the participants can access the data any time throughout the next year. Mattern undertook this cost recovery research six years ago because there was a clear need for law firms to know how peer firms were approaching cost recovery. “We would get calls all the time from clients and non-clients alike asking how other firms are charging for data storage or scans,” states Joe Grubb, Director of Operations for Mattern & Associates and the author of the study. “They now have the capability to look at the data at any time and make intelligent, well-informed decisions regarding their cost recovery strategy.”
Although the web-based study is only available in its entirety to its participants, Mattern & Associates has prepared an overview summary that is available to interested parties. The overview provides a macro view of rates, billable percentages, practices and realizations and is divided out into traditional, modern and emerging areas of legal cost recovery.
For more information about the Mattern & Associates 2010 Cost Recovery Study please visit: https://matternassoc.com or to participate in the 2012 study please contact Maria Herron at firstname.lastname@example.org