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‘Legal Tech Market Will Be Worth $50bn by 2027…Because of GenAI’ – Gartner

Artificial Lawyer

Here is a statistic (wild guess…?) that will be in every legal tech company’s pitch deck to VCs from now on… ! Technology market analysts Gartner.

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Gartner Predicts the Global Legal Tech Market Will Reach $50 Billion by 2027 as a Result of GenAI

Legal Tech Blog

The global legal technology market has grown significantly in recent years and generative AI (GenAI) will accelerate this growth, meaning the market will reach $50 billion in value by 2027, according to Gartner, Inc. It will be just as important that lawyers understand the limitations and risks of using GenAI as well as its potential.

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Utah Sandbox OKs Two Programs Enabling Non-Lawyers To Give Legal Advice On Medical Debt

LawSites

Two non-profit pilot programs won approval this week under Utah’s regulatory sandbox to provide non-lawyer legal assistance to individuals with medical debt. In Utah, nearly 22,000 lawyers are filed each year against people experiencing medical debt, which is a third of all debt-collection cases filed in the state, Butler said.

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The Ultimate Tech Stack for Lawyers

Rocket Matter

Every lawyer needs a comprehensive, agile tech stack to run an efficient legal practice, but with legal tech advancing faster than ever before, it’s easy to get overwhelmed by all the options. (By By 2027, experts expect the industry to reach a 2.2 billion dollar market size globally —so there’s a lot to choose from.) .

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Remote vs. Hybrid vs. Back to the Office: Law Firm Edition

Martindale-Avvo

However, the exercise revealed many opportunities for lawyers through various lessons learned during the process. Where Legal Work Happens — What Do Lawyers Prefer? Women lawyers have especially noted that they have benefited from being away from the office as it helps them balance family and work responsibilities.

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The NextGen Bar Exam Will Be Available in 2026: How Are States Preparing?

Legal Tech Monitor

The new exam will focus more on testing foundational lawyering skills found in real-world practice rather than the memorization of legal concepts, according to the NCBE. Each jurisdiction will decide if and when they will adopt the NextGen Bar Exam or, instead, determine an alternative exam or pathway to licensure in their jurisdiction.

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Legal Week 2024 Special Part One: Joey Seeber of Level Legal

3 Geeks and a Law Blog

And so my partner, who was working in a law firm, said to one of his clients, you know, what, we can review those documents with a small team of lawyers in the law firm will give you a discounted rate. The other the other bit is let’s face it, we as legal was lawyers, we move pretty slowly. So there was a whole lot of review.

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