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According to the 2025 In-House Legal Budgeting Report from Axiom and Wakefield Research, 96% of general councils said they expect “AI will meaningfully reduce costs within their legal department.” As we step into 2025, we’ll continue to experience technological evolution at an unprecedented pace that will reshape how law firms operate.
the percentage of in-house legal budgets spent on technology is expected to increase threefold by 2025 from 2020 levels as legal departments “increase spending on technology to reduce the dependency on outside counsel, address COVID-19, and satisfy a long-overdue need to modernize, digitize and automate legal work.”.
Across briefings, it became clear that legaltech vendors are no longer just layering AI onto existing products — theyre embedding it deeply into their platforms to surface meaningful insights from the data they already manage. Shes easily distracted by the potential of bright and shiny tech gadgets, along with good food and wine.
Document creation and management are non-negotiable parts of the daily grind in the legal industry. Whether it’s contracts, deeds, agreements, invoices, letters, wills, policies,, they all require a decent amount of work and time to generate, review, and process. Managing these documents is an essential but time-consuming task.
Imagine AI-powered legal research that takes minutes instead of hours, automated document drafting that eliminates errors, or cloud-based casemanagement that lets your team collaborate from anywhere. VWV, a mid-sized law firm in the United Kingdom, has even reported an 80% improvement in its contract review time , thanks to AI use.
We run a gender decoder for all new job postings, and we hired international contract software engineers. We are currently working through POCs and contracts with several service providers. Casemanagement and CRM integrations allow you to customize the digital experience. Anything else?
Afterwards, Dr. Pedamon and Dr. Lamont-Black also presented their research titled ‘Responsible Contracting in Agri-Food Supply Chains: Mitigating Power Asymmetries on the Road Towards Sustainability’. Then he elaborated on several aspects of GLO, including group registers, casemanagement, and costs.
Managingcontract redlines and coordinating revisions. In the age of generative AI, the biggest legal technology use cases often focus on streamlining the tasks routinely performed by junior associates. He has a goal of 100% company-wide AI adoption in 2025. Surfacing hard-to-find data.
More specifically, they will hold a casemanagement conference at the beginning of proceedings and prepare a verbatim record of the hearing upon application of the parties (cf. §§ 612, 613 ZPO).
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