Incorporating AI into standard invoice coding gives legal departments more visibility into legal spend and the ability to more accurately predict future budgets based on the true cost of legal work.
December 28, 2022 at 09:19 AM
5 minute read
Accurate budgets enable us to predict and control legal costs. They also ensure there are no nasty surprises or difficult conversations with Finance when the legal team spends more than anticipated.
But with so many matters ongoing in the legal team, each with its own unique set of facts and uncertainties, how can we set accurate matter budgets and gain clarity on how much we will spend and when?
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