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Legal Department Budget Forecasting

Model Overview​

Model Name​

  • Name: ft:gpt-4o-2024-08-06:airia:legal-budget-forecasting-v1:AFYyGcSK
  • Version: 1.0
  • Date of Release: 2024-10-06

Description​

  • Summary: This model generates a forecast of the legal department's expenses for the upcoming quarter, using the following inputs: historical quarterly legal spending, the number of ongoing cases, and external counsel rates. By providing these insights, it enables better budgeting and resource allocation, ultimately improving financial planning and decision-making.
  • Architecture: gpt-4o-2024-08-06 fine-tuned.
  • Recommended Temperature: 0.1

Intended Use​

Use Cases​

  • Primary Use Cases:
    • This model focuses on budget forecasting for the legal department, enabling more efficient resource allocation.
  • Non-intended Use Cases: This model is not intended for use in generating legal or financial advice or for handling highly sensitive or classified documents without oversight.

Target Audience​

  • Users: Finance and legal teams: incluiding CFO, legal manager and financial analysts.

Sample interaction​

  • Sample User Input:

    • "Create a LEGAL_SPEND_FORECAST for the next quarter using HISTORICAL_LEGAL_SPEND, ONGOING_CASES, and EXTERNAL_COUNSEL_RATES.",
    • "Prepare a LEGAL_EXPENSE_FORECAST for the upcoming quarter based on HISTORICAL_LEGAL_SPEND, ONGOING_CASES, and EXTERNAL_COUNSEL_RATES."
    • "Draft a QUARTERLY_LEGAL_COST_FORECAST utilizing HISTORICAL_LEGAL_SPEND, ONGOING_CASES, and EXTERNAL_COUNSEL_RATES."
    • "Develop a LEGAL_COST_ESTIMATE for the next quarter using HISTORICAL_LEGAL_SPEND, ONGOING_CASES, and EXTERNAL_COUNSEL_RATES."
    • "Generate a LEGAL_EXPENDITURE_FORECAST for the next quarter based on HISTORICAL_LEGAL_SPEND, ONGOING_CASES, and EXTERNAL_COUNSEL_RATES."
    • "Create a LEGAL_BUDGET_FORECAST for the upcoming quarter using HISTORICAL_LEGAL_SPEND, ONGOING_CASES, and EXTERNAL_COUNSEL_RATES."

  • Sample Assistant Output:

    • Analysis of the historical trends and main insights of the inputs.
    • Forecast of the legal budget (USD) for the next quarter.

Maintenance and Updates​

Version History​

Version NumberRelease DateNew FeaturesBug FixesPerformance Improvements
1.02024-10-06Initial releaseN/AN/A

Release Notes​

Version Changes​

  • v1.0 (Release Date: 2024-10-06)
    • Initial release

Contact Information​

Author(s) / Developers​

  • Name(s): AIRIA LLC

Contact​

License​

  • License Type: Airia Model License