Overview:
Forecast rules are used to predict the financial requirements of legal matters based on predefined conditions.

Steps to Configure Forecast Rules:

Access the Forecast Rules Page:
Navigate to Finances > Forecast Rules section.
 

Add a New Rule:

• Click Add button.
• Define parameters such as matter type, complexity, and country.
   

Assign Billing Codes:

• Choose between a billing template or manually input UTBMS billing codes.
• Set the expected cost for each condition.
   

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 autofilled 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 AssociatedWith 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. 

 

Click Apply Changes

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.