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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 lawfirms operate.
Lawfirms of all sizes are feeling pressure to meet client demand for both tailored services and greater efficiencies in this rapidly changing industry. Legal teams are being pressed to control costs and better respond to changing regulatory and risk management obligations. Increasing law practice specialization.
The post Digital Transformation for LawFirms: A Guide to Modernizing Your Practice appeared first on Rocket Matter. But if this is the case for what clients require, then why are there still too many lawfirms buried in the unnecessary abundance of physical paperwork? What Is Legal Digital Transformation ?
What other revenue generating use cases emerge from leveraging a lawfirms data? I think the longevity of the practice of law is: How do you find that work that no one is doing? He has a goal of 100% company-wide AI adoption in 2025. Youre a lawfirm. Youre here to practice law.
I’m holding a FREE 5-Day Paralegal Challenge that kicks off on March 24, 2025. ” Years ago, when I was doing management consulting with lawfirms, an attorney told me something I’ve never forgotten. Or you can listen to the audio version in the player right here.
Lawfirms can use this software to quickly generate and share documents with clients—eliminating issues with human error, versioning, and access. Document creation and management are non-negotiable parts of the daily grind in the legal industry. Understand your needs and how it will support your lawfirm.
With generative AI settling into the legal tech space, lawfirms adopting more technology, and client expectations shifting, it can be tough to keep up with the latest changes. Understanding the state of the industry can help your lawfirm stay ahead of the curve. How many lawfirms are there in the U.S.?
AltFee Elevator Pitch: AltFee revolutionizes lawfirm pricing by offering a foundation for alternative fee structures. This system empowers firms to precisely assess and assign value to projects, vital in a landscape where AI/efficiency gains drastically shorten task timelines. We have small and midsize lawfirm customers.
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