Steps to Configure Forecast Rules:

1. Navigate to Finances > Forecast Rules.

2. Click the Add button. 

Add Forecast Rules Using a Template

3. To add forecast rules using a template, search for and select the template in the Use Template field. 
4. Note that with the template selected, the Code, Amount, and Name fields will be automatically populated once saved. You may still choose to populate values that are different from, or not included in the template.
5. Select the Paid By field. This is the entity who is doing the billing. 

Add Forecast Rules by Manually Inputting Billing Codes

6. Select the Code.
7. Enter the expected cost in the Amount field.
8. Enter a Name for the forecast rule.
9. Select the Paid By field. This is the entity doing the billing. 

10. Whether you have entered the forecast rules using a template or by inputting billing codes, you will next need to fill out the remainder of the forecast rule fields. The Date field is required.
11. If setting a trigger, the trigger will determine the matters to which the forecast applies. Click the Add button. 

12. Click the Save button.

Now, when a matter matches or a query is created, the forecast is generated. That forecast is the expected spend based on the properties of the matter.

Example Rule:

• Scenario: For high-complexity U.S. non-provisional filings, add $8,000 as the expected expense.
• Outcome: The rule applies to all matching matters automatically.
  
  Scenario
  
  You want to create a forecast rule to file an IDS. The cost of research, preparation and filing is 1 hour at $400. If we set up a rule to file an IDS, we will see the following options available in the Template dropdown.
  Micro, Small, and Large Entity options
  • Micro - $300
  • Small - $400
  • Large - $500
     

Standard costs are auto-filled once the template is selected.
Amount, Code, and Name are all included once the template is selected. 
You may choose to populate values that are different from, or not included in the Template.

The Paid By field is who is doing the billing. This will either be the Foreign Associate or the Law Firm for the Matter. These can be seen in the Who column on the Forecast Editor page, and can be filtered on in the left pane. Save ecast rule.