Remove 2025 Remove Document automation Remove Legal tech
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Clients Are Spending More on Legal Tech: Can Smaller Firms Keep Up?

Attorney at Work

the percentage of in-house legal budgets spent on technology is expected to increase threefold by 2025 from 2020 levels as legal departments “increase spending on technology to reduce the dependency on outside counsel, address COVID-19, and satisfy a long-overdue need to modernize, digitize and automate legal work.”.

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What is a Legal Tech Platform?

Lawmatics

In turn, lawyers can use legal tech to automate routine tasks, work more efficiently, and devote more time to complex work. But it must be the right legal tech. The legal industry contains numerous tech solutions that address a single aspect of legal practice, e.g., document management, timekeeping, or billing.

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Why is Legal Tech Growing?

Lawmatics

Because the need for tools that automate repetitive tasks and workflows continues to rise, the future of legal technology remains bright. What is the legal tech industry? Legal tech encompasses a wide range of tools and applications designed to streamline legal processes and enhance the delivery of legal services.

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How Will Technology Change in the Future for Lawyers?

Lawmatics

Here are some potential developments: Artificial intelligence (AI): “ Smartfirms ” that integrate AI technology into their workflows will enjoy a seamless client experience, unified tech stack, and data-driven methodology. Legal professionals deal with vast amounts of information, documents, and data.

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Voting Is Open! Pick the 15 Finalists to Compete At Startup Alley at ABA TECHSHOW 2024 in February

Above the Law - Technology

Help pick the 15 legal tech startups that will get to compete at the eighth-annual Startup Alley at ABA TECHSHOW 2024. We then will move into the institutional space: large trust companies, legal tech (WealthCounsel, Clio, etc.), Voting is now open! 14-17, 2024, in Chicago. and major trust and estate firms.