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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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Legal tech and innovation: 3 ways AI supports the evolution of legal ops

Simple Legal

Gartner predicted that spending on legal software would triple from 2021 to 2025, and venture capital investments in these tools reached a new high of over $1 billion in 2022. Legal tech is no longer seen as a nice to have, but a must have. It takes care of the heavy lifting for you. The result?

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Jack Newton Keynote Highlights: Clio Cloud Conference 2024

Clio

He explored the current state of the legal industry while unveiling Clio’s latest innovations and offered a glimpse into upcoming Clio feature advancements designed to continue driving legal tech, and the profession forward. This idea mirrors how legal tech integrates with firms: no single tool creates success.

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The 2024 Clio Cloud Conference in Review

Clio

Meanwhile, the vendor floor buzzed with innovation, offering endless networking opportunities and showcasing the latest in legal tech advancements. Jack also announced exciting new Clio features for 2025, including automated workflows, custom reporting, and new payment methods. Secure your tickets for ClioCon 2025 today!

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The Future of Legal Technology

Lawmatics

Surprisingly, the survey found that legal tech, data literacy, and legal operations don't enjoy the same level of recognition and importance." Perhaps these established attorneys assume that law students and newly-minted lawyers learn what they need to know about tech in law school, but this is not typically the case.

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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.

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