Brightflag, the AI-powered enterprise legal management (ELM) platform, today announced a suite of new AI-powered spend management, matter management, and insights features “to further optimize legal work and spend for corporate legal teams.”
Ian Nolan, co-founder and CEO of Brightflag said:
“Brightflag has redefined enterprise legal management through its patented AI technology. With these new innovations, we’re giving in-house teams even greater control over their legal spend, while expanding our matter management capabilities to deliver end-to-end visibility into legal work.”
Brightflag began expanding its “matter management capabilities earlier this year with Matter Updates.”
This feature gathers status updates from both “outside counsel and in-house attorneys, keeping leaders informed on how work is progressing.”
Today, Brightflag introduced the “next phase of its expanded matter management capabilities,” including:
- An updated home page, offering a centralized view of legal work and spend.
- The ability to create and assign tasks, set due dates, and track progress.
- Events tracking, allowing teams to stay on top of key milestones and legal deadlines.
The Task Management features are available now, “with the updated home page and Events functionality becoming available in June.”
Brightflag continues to lead the way in legal spend management “with new features that strengthen financial oversight.”
Budget approval workflows “provide finance and legal leadership with greater control and oversight over matter budgets.”
Any matter budgets created or updated in Brightflag can “be routed through multiple levels of approval according to each customer’s policies.”
Enhanced support for matter-specific hourly rates “makes it easier to enforce rate agreements for individual matters.”
Building on years of innovation in features to negotiate and enforce commercial agreements, this “gives in-house teams a new tool to better manage costs.”
In 2024, Brightflag launched the first generative AI assistant “for legal work and spend.”
Ask Brightflag is now used by hundreds of “in-house teams to gain insight into their operations in seconds.”
Today, Ask Brightflag has become “more intelligent.”
It can now answer questions “about vendors, timekeepers, and even individual pieces of work done by vendors.”
With automatic monthly software updates, Brightflag customers are always equipped “with the latest and most powerful innovations.”
Brightflag is committed to “investing in its customers’ success, spending as much on research and development as it does on sales and marketing.”
As covered, Brightflag’s AI-powered “enterprise legal management (ELM) platform provides complete visibility into legal work and spend.”
It makes in-house teams more productive by “eliminating time-consuming invoicing, reporting, and matter management work, and provides the insights legal leaders need to effectively deliver legal advice to the business.”
The company reportedly serves “a global community of legal professionals from offices in New York, Ireland, and Australia.”