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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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Advantages of Private Cloud Technology for Law Firms’

CaseFox

In 2021, the legal tech market generated revenues of $27.6 In recent years, law firms turned to private legal cloud technology for enhanced safety and security. Scalability and Flexibility Legal cloud solutions offer scalability and flexibility helping law firms adapt to changing business needs. billion USD.