Why It Matters
Accurate legal budgets depend on matter-level forecasts from outside counsel and good historical data. Spend management tools collect both and track actuals against plan.
Legal Operations & Spend Management Companies
OnitOnit provides enterprise legal management software for matter management, legal spend and legal operations…
DiliTrustDiliTrust offers SaaS software for legal operations and corporate governance, covering board portals, contract…
WordsmithWordsmith is an AI platform for in-house legal teams to draft, review and research…
BrightflagBrightflag is legal spend and matter management software with e-billing and vendor management for…- PERSUITPERSUIT is a platform for running legal RFPs and managing outside counsel pricing and…
Streamline AIStreamline AI is a developer of intelligent intake, workflow automation and matter management software…
Related Terms
- Accruals (legal spend)
- Estimates of legal work performed but not yet billed, reported so finance can record the liability in the right period.
- Legal spend management
- Software and processes for budgeting, tracking and controlling what a legal department spends on outside counsel and vendors.
- AFA (alternative fee arrangement)
- Any way of pricing legal work other than the billable hour, such as flat fees, capped fees, success fees or subscriptions.
General information, not legal advice. Part of the Legal Tech Glossary, 173 terms in plain English.