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E-discovery solutions , a significant part of legaltech, were estimated to be a multi-billion-dollar industry. The global e-discovery market size was projected to reach $17.32 Legaltech isn’t just a buzzword; it’s a revolutionary force set to transform the legal industry.
Predictive analytics: AI can predict case outcomes based on historical data to help lawyers and legal professionals make more informed decisions about case strategy and settlement options. AI helps automate and accelerate the e-discovery process by quickly sorting through large datasets.
Surprisingly, the survey found that legaltech, 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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