COSTA MESA, Calif., Aug. 17, 2015 /PRNewswire/ — Profit Recovery Partners, LLC (PRP) today announced that it has been retained by three more Am Law 100 law firms in the past 30 days to help them achieve fully verified expense reduction savings as a way to respond to 2015’s intensified competitive landscape and increasing client scrutiny of fees. Because client push-back against administrative fees can significantly affect a law firm’s profitability, leading large law firms are looking at every proven strategy to increase productivity and become more efficient so they can remain competitive.
“Law firms have begun to think more like corporations, which is not the way they have traditionally operated,” said PRP’s president, Don Steiner. “Our clients choose PRP as a consulting partner because we are able to bring best practices in the corporate world to the legal industry. And, with our expertise in cost reduction and line item detail validation process, we can help them increase their vendor service levels, improve and maintain their back-office expenses and corral their employees’ spend.”
PRP is a natural fit with Am Law 200 firms and expects to add an additional 20 firms in the next 12 months. In the previous six months the company has signed six additional law firms representing more than 6,000 attorneys in the U.S. and Canada, including two in the Am Law top 10, two in the Am Law 100, and one in the Am Law 200.
About Profit Recovery Partners, LLC
Profit Recovery Partners, LLC (PRP) develops, implements and manages cost-reduction solutions for Fortune 1000 companies, law firms, private equity firms, and private companies throughout North America. Its industry experience and more than $2 billion in annual managed spend, as well as its program for ongoing support and verification, drive PRP’s continued commitment to award-winning service. PRP’s spend management, supplier management and procurement strategies have resulted in more than $2.7 billion in client savings. To learn more, visit www.prpllc.com or call 877-484-7776.
SOURCE Profit Recovery Partners, LLC