Lawrence Stephens | Expense Reduction Analysts

Lawrence Stephens

Great savings for Lawrence Stephens

Lawrence Stephens is a 9-Partner London commercial practice with particular strengths in commercial property & secured lending.

Senior Partner Gregory Palos & Practice Manager Joanne Cocozza, retained the services ERA Legal to review the firm’s expenditure and processes for Records Management. Peter Lee, ERA Legal’s Lead Consultant for Records Management was tasked with providing options to consolidate two existing suppliers and make suggestions for the efficient management of the archive in future years.

The 5 responses to a highly competitive tender offered annual savings of between 36% – 56%. After negotiating the detailed tariff and contract commercials ERA confirmed that the highest annual savings attainable would also provide a most cost effective route for Lawrence Stephens to manage the archive in future – as in-contract and end of contract permanent withdrawal fees would not apply.

After introducing the supplier and tying up the usual detailed questions on compliance ERA oversaw a seamless file transfer process.

Joanne Cocozza, Practice Manager commented “Moving all of our archived files to a new supplier isn’t something we entered into lightly. Fortunately we were in the expert hands of Peter Lee who took us through the process step by step. We’re very pleased with the savings ERA has achieved, and the lack of in-contract withdrawal charges ensures we can actively manage our archive without worrying about the cost of doing so.”

Jason Adderley, Lead Consultant for ERA Legal adds “Having taken the step to change supplier I’m pleased to see, again, that any concerns firms have about moving their closed file archive are largely unfounded. The sheer level of the savings on offer in this case are the icing on the cake.”

“Moving all of our archived files to a new supplier isn’t something we entered into lightly. Fortunately we were in the expert hands of Peter Lee who took us through the process step by step. We’re very pleased with the savings ERA has achieved, and the lack of in-contract withdrawal charges ensures we can actively manage our archive without worrying about the cost of doing so.”

Joanne CocozzaPractice Manager
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