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In today’s legal technology market, eDiscovery solutions are far from a one-size-fits-all solution. They can deliver a very wide range of features that are purposefully built to address specific key stages of the ElectronicDiscovery Model (EDRM) yet are ill-equipped to perform other tasks.
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.
Beagle says that, by leveraging advanced technologies such as machinelearning and natural language processing, it can significantly reduce the time and costs associated with first-pass e-discovery reviews. Beagle’s cofounder and CEO, Sergey Demyanov , was formerly manager of machinelearning at Snap Inc.
As the world continues to undergo rapid technological advancements, the legal industry has not been left behind (although some lawyers may wish it was). With emerging new technologies like artificial intelligence (AI) and machinelearning, many people have started considering what legal software might mean for the legal profession’s future.
AI is increasingly being used in the legal industry to streamline processes, enhance efficiency, and provide valuable insights. Advanced algorithms can quickly analyze vast legal information databases, statutes, and case law to provide relevant and up-to-date information.
It uses sophisticated search, analytics, and machinelearning tools in electronicdiscovery and investigations. It uses data visualization and expert analysis for legal teams involved in some of the most complex legal problems in large and complicated matters.
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