8 Real Examples of Law Firm Price Adjustments During Reverse Auctions

Using reverse auctions when choosing a law firm is one of the most effective strategies available to in-house legal teams looking to:

  • Encourage competition.
  • Increase transparency.
  • Level the playing field for firms competing for work.

When combined with alternative fee arrangements, reverse auctions are also historically a very effective way to avoid unnecessary costs.

Thousands of reverse auctions have been run on the PERSUIT platform, creating a large data set that shows what you can expect from a reverse auction, on average.

For example, on average, reverse auctions on PERSUIT create 9% lower fees overall. 

8 Examples of Reverse Auctions on PERSUIT

Keep scrolling 👇 to see eight real examples of reverse auctions run on the PERSUIT platform:

Jordan Weinstein