The Poppy ROI Calculator: Our Approach
Building the business case for legal tech requires clear ROI. We developed the Poppy ROI Calculator to help quantify the savings our platform offers. In this post, we pull back the curtain on our methodology, explaining the key inputs and assumptions behind the calculation.
Managing Confidentiality When Paying Legal Invoices
Sharing detailed legal invoices with Accounts Payable can inadvertently expose confidential or privileged information. Manual redactions are time-consuming and often skipped, creating unnecessary risk. Learn about an upcoming Poppy Legal feature designed to automatically redact sensitive details like line-item narratives or matter names before invoices are forwarded to AP, saving time and helping protect confidentiality.
Stop Drowning in Spreadsheets: How AI is Transforming Legal Spend Management
Still managing legal spend in spreadsheets? Discover why manual tracking falls short for modern in-house teams and how AI-powered tools are transforming efficiency, providing crucial insights, uncovering cost savings, and enabling data-driven decisions.
Addressing AI in Your Billing Guidelines
Artificial Intelligence, particularly generative AI, is rapidly changing the legal landscape. Law firms are adopting AI tools to boost efficiency in tasks like legal research, document drafting, and analysis. While this offers potential benefits like cost savings, it also introduces new considerations for in-house teams regarding oversight, quality, and confidentiality.
Using Billing Guidelines to Explore AFAs
The traditional billable hour model isn't always the best fit for predictable costs or aligning legal fees with the value delivered. Alternative Fee Arrangements (AFAs) offer powerful ways to achieve better cost management and strategic alignment with your outside counsel. But how do you identify opportunities for AFAs and then move beyond discussion to adoption? Your billing guidelines are the perfect place to start.
Key Details in Billing Guidelines for Better Invoice Data
Are your legal invoices telling the whole story? Vague descriptions like "Legal research" or "Analysis" make meaningful review difficult and hinder strategic decision-making. To truly understand and manage legal spend, you need quality data, and that starts with clear expectations in your billing guidelines.
Why Modern Billing Guidelines are Crucial
While the default position for many smaller or growing teams is that billing guidelines are just for big legal teams, none of the considerations we discuss are constrained to large teams. We encourage legal teams of all sizes, from solo GCs and up, to consider developing and rolling out guidelines, which don’t have to be draconian to be valuable.