Brightflag, the AI-powered legal operations platform, today released several updates designed to address the complex and varied budgeting requirements of corporate legal departments.
In combination with existing department-level budgeting and forecasting features, Brightflag’s versatile new matter-level controls afford in-house legal professionals complete visibility and proactive awareness over their outside counsel spend.
Brightflag customers can now set matter budgets by time period or phase, allocate a budget across multiple vendors, and build in contingencies. Vendor budget request and budget creation workflows have also been redesigned to facilitate faster collaboration between in-house attorneys and outside counsel.
“Executive teams now expect Legal to budget with the same levels of granularity and sophistication as any other business department, and that inevitably requires a specialized set of tools,” said Barry O’Melia, Brightflag Vice President of Product. “We’ve been careful to balance our expanded capabilities with intuitive designs to ensure every customer can easily build the budgets that suit their business.”
“A strong reputation for financial discipline is an absolute requirement for corporate legal departments that want to be seen as an equal strategic partner within the business,” said Ian Nolan, Brightflag CEO & Co-founder. “Brightflag’s suite of budgeting solutions now offers accountability from every angle, giving our customers more clarity and control over the financial dimensions of their outside counsel and business stakeholder relationships.”
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