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The COVID-19 pandemic may have dampened global trade in 2020; however, the World Trade Organization forecast a strong growth recovery in 2021 continuing into 2022. Multilingual E-Discovery . To compound the challenge, corporate attorneys and law firms must now sift through terabytes of electronic data.
The e-discovery landscape will be needing a new map after the global e-discovery company Reveal said today that it has acquired two other leading e-discovery companies, Logikcull and IPRO. ” These acquisitions follow the 2021 merger of Reveal and Brainspace , backed by a $200 million investment by K1.
It took years to shape into a formal industry and to be christened Alternative Legal Service Providers. This fact was further reiterated by Thomson Reuters’ Alternative Legal Service Providers 2021 Report, which unveiled that nearly 79% of law firms and over 71% of corporate law departments are leveraging the services of ALSPs.
At its annual RelativityFest user conference in Chicago today, the e-discovery company Relativity announced several new tools and features for e-discovery, privacy and compliance, data management, translation, and more. Last month, it released Translate for RelativityOne, for AI-powered document translation.
VoiceScript Ai.Law Elevator Pitch: Provides AI-generated litigation documents, from pleadings to discovery. We are the first AI-driven platform to focus specifically on drafting litigation documents. The substantial amount of time lawyers spend drafting documents during litigation. What problem do you solve?
Therefore, legal service providers have been contending to streamline their processes and systems with the aid of technology. An effort to maximize the value delivered by technology and enable business growth has resulted in the genesis of Alternative Legal Service Providers (ALSPs). Tracing the ALSPs’ growth path.
Paralegals play an indispensable role in the legal process, handling things such as documentreview and analysis, legal research, drafting pleadings, and managing case files. However, according to the Bureau of Labor Statistics , the median annual wage for paralegals and legal assistants was $56,230 in 2021.
It is not possible to talk about eDiscovery or documentreview heading in to 2021 without mention of technology-assisted review. In its narrower use, TAR refers to techniques that involve the use of technology to predict the decision a human expert would make about a document. Predictive coding , or TAR 1.0,
In order to meet the problems of escalating workflow and productivity demands on a constrained budget, law firms are eager to invest in legal technology services. According to the Future Ready Lawyer 2021 report , 84% of legal departments have increased their technology budgets in the last year.
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