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With rapid technological advancements , it is crucial to prioritize innovation and technology trends in law firms, especially if you want your office and legal practice to continue to grow and thrive. Here are three of these emerging trends in legaltech and what they can mean for your office.
The ABA Task Force on Legal Needs Arising out of the 2020 Pandemic identified practice areas experiencing rapid growth in demand since 2020, including family law, insurance, data privacy, cybersecurity, labor and health law. Legaltechmeets fintech. ” More efficient and scalable client engagement tools.
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In the Bloomberg Law 2022 Legal Ops and Tech Survey , 86% of the survey participants agreed that legaltech significantly impacts their firm’s ability to meet client demands. AI-powered legal research tools: Several AI-driven platforms assist attorneys in legal research by analyzing case law and providing insights.
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