Draft:Brightflag

Brightflag was founded in 2014 by Ian Nolan and Alex Kelly with the goal of improving legal operations through artificial intelligence and automation.{{Cite web |last=artificiallawyer |date=2017-06-12 |title=AL Interview: Alex Kelly of Brightflag the Legal AI Billing Analysis Co. |url=https://www.artificiallawyer.com/2017/06/12/al-interview-alex-kelly-of-brightflag-the-ai-legal-billing-analysis-co/ |access-date=2025-02-20 |website=Artificial Lawyer |language=en-GB}}

In 2019, Brightflag secured $8.5 million in Series A funding, led by investments from Sands Capital Ventures, Frontline Ventures, Tribal VC.{{Cite web |title=Brightflag Funding & Investors |url=https://tracxn.com/d/companies/brightflag/__jaBETTgZPgaTYu6Zggu7U6uTCwo9yc4I4KL1aYA-w30/funding-and-investors |access-date=February 19, 2025}} This was followed by an additional $28 million in growth equity investment in 2020, led by One Peak Partners.{{Cite news |title=Irish AI firm Brightflag raises extra €23m in funding |url=https://www.irishtimes.com/business/technology/irish-ai-firm-brightflag-raises-extra-23m-in-funding-1.4432155 |access-date=2025-02-20 |newspaper=The Irish Times |language=en}}

Brightflag surpassed 100,000 hours invested in its proprietary machine learning model in May 2021.{{Cite press release |last=Brightflag |title=Brightflag Sets Standard for Legal AI, Invests 100,000 Hours in Machine Learning Model |url=https://www.prnewswire.com/news-releases/brightflag-sets-standard-for-legal-ai-invests-100-000-hours-in-machine-learning-model-301287107.html |access-date=2025-02-20 |website=www.prnewswire.com |language=en}} And in September 2021, the company was awarded a patent for its AI technology by the United States Patent and Trademark Office (USPTO).{{Cite web |last=artificiallawyer |date=2021-09-08 |title=How Brightflag Hopes Its NLP Tech Patent Will Help |url=https://www.artificiallawyer.com/2021/09/08/how-brightflag-hopes-its-nlp-tech-patent-will-help/ |access-date=2025-02-20 |website=Artificial Lawyer |language=en-GB}}

In 2024, Brightflag announced it was increasing its R&D and Customer Success headcount by 30% to continue to accelerate its technological innovation and support its growing customer base.{{Cite web |last=Release |first=Press |date=2024-12-18 |title=Brightflag Celebrates Record-breaking Year of Growth and AI Innovation |url=https://www.legalreader.com/brightflag-celebrates-record-breaking-year-of-growth-and-ai-innovation/ |access-date=2025-02-20 |website=Legal Reader |language=en-US}} Later that year, Brightflag released three new features with generative AI capabilities: Ask Brightflag, Invoice Summaries, and Invoice Review Experience.{{Cite web |title=Brightflag Announces New Generative AI-Powered Features, Chatbot |url=https://www.law.com/legaltechnews/2024/04/30/brightflag-announces-new-generative-ai-powered-features-chatbot/?slreturn=20250220152132 |access-date=2025-02-20 |website=Legal Tech News |language=en}}

Brightflag provides an AI-powered e-billing and matter management platform that in-house legal teams can use to achieve full visibility into their legal work and spend.{{Cite web |date=February 20, 2025 |title=Brightflag |url=https://brightflag.com/}} Key features include:

• Legal Spend Management: This includes automating invoice review with AI, identifying cost-saving opportunities, and ensuring compliance with outside counsel billing guidelines.{{Cite web |title=Legal Spend Management: A Guide for In-House Teams |url=https://brightflag.com/legal-spend-management/ |access-date=2025-02-20 |website=Brightflag |language=en}}
• Matter Management: Brightflag’s platform allows for the centralization of legal matters, matter progress tracking, and improved collaboration between legal teams and outside counsel law firms.{{Cite web |title=Matters |url=https://brightflag.com/platform/matter-management-software/ |access-date=2025-02-20 |website=Brightflag |language=en}}
• AI and Analytics: The software utilizes machine learning and AI to analyze legal bills, forecast budgets, and provide actionable insights on legal spending.{{Cite web |title=What Brightflag AI can do for your in-house team |url=https://brightflag.com/brightflag-ai/ |access-date=2025-02-20 |website=Brightflag |language=en}}

A distinguishing feature of Brightflag is its use of patented artificial intelligence technology to categorize and analyze legal billing data. The platform leverages natural language processing to read and interpret invoice narratives, allowing legal teams to gain deeper insights into legal spending patterns.{{Cite web |last=artificiallawyer |date=2017-06-12 |title=AL Interview: Alex Kelly of Brightflag the Legal AI Billing Analysis Co. |url=https://www.artificiallawyer.com/2017/06/12/al-interview-alex-kelly-of-brightflag-the-ai-legal-billing-analysis-co/ |access-date=2025-02-20 |website=Artificial Lawyer |language=en-GB}}

In 2024, Brightflag announced the launch of Ask Brightflag, a generative AI-powered feature billed as “the first GenAI assistant for legal spend and matters.”{{Cite web |title=Brightflag Announces New Generative AI-Powered Features, Chatbot |url=https://www.law.com/legaltechnews/2024/04/30/brightflag-announces-new-generative-ai-powered-features-chatbot/?slreturn=20250220154931 |access-date=2025-02-20 |website=Legal Tech News |language=en}}{{Cite web |last=Wilkins |first=Stephanie |date=2024-11-21 |title=Brightflag Brings AI Legal Assistants to Legal Spend and Matter Management with Ask Brightflag |url=https://www.legaltechnologyhub.com/contents/brightflag-brings-ai-legal-assistants-to-legal-spend-and-matter-management-with-ask-brightflag/ |access-date=2025-02-20 |website=Legaltech Hub |language=en}}

In 2023, Brightflag received Deloitte’s Growing New Technology Award.{{Cite web |title=2023 Technology Fast 50 awards {{!}} Deloitte Ireland |url=https://www.deloitte.com/ie/en/about/press-room/fast-50-2023-winners.html |access-date=2025-02-20 |website=www.deloitte.com |language=en}} And in 2024, the company was included in Deloitte’s Technology Fast 50 for Ireland, which highlights the 50 fastest-growing technology companies across the country.{{Cite web |title=Wayflyer takes top spot Deloitte Fast 50 awards {{!}} Deloitte Ireland |url=https://www.deloitte.com/ie/en/about/press-room/deloitte-technology-fast-50-awards-2024-wayflyer-top-spot.html |access-date=2025-02-20 |website=www.deloitte.com |language=en}}

Brightflag has consistently received recognition as a leader in enterprise legal management and legal technology on independent review site G2{{Cite web |title=The G2 on Brightflag |url=https://www.g2.com/products/brightflag/reviews |archive-url=https://web.archive.org/web/20231114061529/https://www.g2.com/products/brightflag/reviews |archive-date=2023-11-14 |access-date=2025-02-20 |website=G2 |url-status=live }}, including being named one of the “Best Legal Software Products” as part of G2’s 2025 Best Software Awards.{{Cite web |title=Best Legal Software Products for 2025 |url=https://www.g2.com/best-software-companies/top-legal |access-date=2025-02-20 |website=G2 |language=en}}

Additionally, Brightflag is known for its annual reporting on industry trends pertaining to both legal operations compensation{{Cite web |title=Paralegals Systemically Underpaid When They Jump to Legal Ops Roles |url=https://www.law.com/corpcounsel/2024/03/20/paralegals-systemically-underpaid-when-they-jump-to-legal-ops-roles/?slreturn=20250221-45717 |access-date=2025-02-20 |website=Corporate Counsel |language=en}} and outside counsel timekeeper rates.{{Cite press release |last=Inc |first=Brightflag |title=New Report from Brightflag Explores Pricing Trends Among Top US Law Firms |url=https://www.prnewswire.com/news-releases/new-report-from-brightflag-explores-pricing-trends-among-top-us-law-firms-302008615.html |access-date=2025-02-20 |website=www.prnewswire.com |language=en}}

• Legal technology

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