Morae launches legal intelligence platform with AI spend module
Morae launched a Legal Intelligence Platform on September 29, starting with its MorAI Spend Intelligence module, according to Legal IT Insider. The platform connects enterprise legal management, matter management, and law firm billing data without replacing existing systems.
MorAI Spend Intelligence combines AI trained on billing data with review by legal experts. It helps corporate legal departments assess invoices, rate increases, budgets, and future spending decisions using data from multiple systems.
Morae said an early deployment at a global insurer increased outside counsel cost savings from 8.5% to 18% and removed 14,000 hours of manual invoice review. The company is targeting Fortune 1000 and FTSE 350 legal departments that spend more than $10 million annually on outside counsel.
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