An uncertain economy, propelled by high inflation and staff reductions, has made managing costs and gaining efficiencies a top priority for corporate legal departments (CLDs). New business mandates are heightening the pressure around budget predictions, matter outcomes, law firm performance, and appropriate allocation of resources.
Bill review is one area where AI excels. AI can reduce the hundreds of hours it takes a single attorney to review law firm invoices, automatically scan for discrepancies or billing guideline violations, and more.
This paper will provide an overview of the process, along with a few case studies that show how AI=ROI, and why this should be a focus of your 2024 legal tech investment.