NEW YORK, March 23, 2022 /PRNewswire/ — Brightflag, the AI-Powered System legal operations platform, today released several updates designed to meet the complex and varied budgetary requirements of corporate legal departments. Combined with existing department-level budgeting and forecasting capabilities, Brightflag’s new versatile case-level controls provide in-house legal professionals with complete visibility and proactive awareness of their external counsel spend.
Brightflag customers can now set business budgets by period or phase, allocate budget to multiple vendors, and plan for contingencies. The vendor budget request and budget creation workflows have also been redesigned to facilitate faster collaboration between in-house and outside counsel.
“Executive teams now expect the legal department to budget with the same levels of granularity and sophistication as any other business department, and that inevitably requires a specialized toolset,” said Barry O’Melia, Brightflag Vice President of Product. “We’ve taken care to balance our extensive capabilities with intuitive designs to ensure that each client can easily establish the budgets that are right for 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 company,” said Ian Nolan, CEO and co-founder of Brightflag. “Brightflag’s suite of budgeting solutions now offers accountability from every angle, giving our clients more clarity and control over the financial dimensions of their relationships with external counsel and business stakeholders.”
On March 30, Brightflag’s Product Managers and Customer Success Managers will host a live event to share proven strategies for setting, applying and reporting on legal budgets. For more information, please visit: brightflag.com/better-legal-budgeting/
Brightflag’s legal operations platform is where corporate legal departments gain visibility into operations, maximize productivity, and strategically engage with outside counsel. Brightflag is a recognized leader in artificial intelligence and machine learning and has invested over 100,000 hours in the development of its patented solution. The firm serves a global community of legal professionals from offices located in California, New York, Irelandand Australia.
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