MorAI Spend Insights
Gain real-time predictive insights and trends data on your legal department spending through queries written in plain English.
Gain real-time predictive insights and trends data on your legal department spending through queries written in plain English.
AI Powered Spend Insights
A path-breaking way to look at spend data and draw actionable insights using GenAI.
Our AI powered solutions can read Outside Counsel guidelines, flag non-conformant items, and summarize exceptions. If an
invoice is linked to a specific deliverable (e.g., disposition), it will analyze the associated document for content quality and
evaluate if the expenditure was justified, offering a quick overview for legal department counsel.
Block billing and vague task descriptions hinder value assessment leading to higher administrative costs.
Excessive hours and overqualified staff for routine tasks inflate costs, reallocate duties to the right people and minimize overbilling for savings.
Duplicate billing and billing for non-billable tasks violate criteria. Implementing additional checks can ensure compliance with contractual and legal requirements.
Performance variations between law firms in different jurisdictions working on similar cases and driving similar outcomes.
Historical data is largely underutilized for predictive insights and law firms continue to bill at the same rate and cost for doing similar work over the years.
Easily Capture Outside Counsel Guidelines
Ability to feed your Outside Counsel Guidelines in PDF/Word format without having to create programmatic business rules; these can run into the 100s making it an administrative hassle down the road, especially during product upgrade cycles.
Quantitative Checks for Guideline Conformance
Ability to provide Quantitative Checks based on the OC Guidelines provided including rate conformance, task/expense codes conformance, valid line-item descriptions, not-permitted expenses (or fees), cumulative effort hours per day, etc.
Qualitative Checks Against Pre-Defined Guideline Framework
Ability to provide Qualitative Checks based on a pre-defined and mutually agreed upon Qualitative Guideline
framework, including block billing, work performed by the wrong role (Partner instead of Associate), Cost/Benefit analysis of the work performed, etc.
Real-time Analysis for Actionable Insights
Ability to mine spend data, draw actionable insights, and understand patterns/trends using a Co-pilot/agent that understands your data and provide responses in real-time, just like a human would.
Provides detailed analytics as a reporting toolkit would using natural language
Expeditious response in real time for pointed data queries
Drill down capabilities once the initial response is provided to fine-tune and interact with the data further
Ability to group and present data in numerous different ways, which was previously possible only via custom reports
Eliminates the need to have many different data views within the ELM system, as you can now generate these at-will
AI Assistant (Chatbot) Outcomes
Let’s discuss how Morae can you to re-envision your approach to managing legal department spend.
