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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.” In 2025, these technologies will revolutionize legal research, document review, and case predictions.
I attended a fascinating presentation at this years CLOC Global Institute which focused on the results from the most recent CLOC in-house survey, which for the first time was conducted in collaboration with Harbor , a provider of legalservices supporting law firms and corporate legal departments.
For example, you may benefit from virtual legal assistants if you need help organizing data and documents but dont need them three feet away. Other LegalServices to Consider for Client Communication Answering services for attorneys are great for streamlining communication and improving your law firms lead management system.
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.”.
Tauranga, 26 February 2025 LawVu, the leading legal workspace for in-house legal teams, has reaffirmed its commitment to transforming legal spend management and e-billing with significant new investments and innovations.
Contract lifecycle management (CLM) has become a hot topic in the legal space; a must-have solution for CXOs looking to get a handle on their legal agreements. Given the shift in legal automation, the adoption and implementation of contract management solutions are gaining significant ground.
In our forthcoming Spring 2025 publication, Fighting the Hypothetical: Why Law Firms Should Rethink the Billable Hour in the Generative AI Era, [1] we hypothesize that Generative AI (GenAI) technology will change forever how legalservices are delivered and will force law firms to re-engineer their legacy economic model.
However, not all technology is created equal and at a time when operational excellence is critical and legal leaders need to thoughtfully invest in in-house legal technology, a legal workspace has proven to be the best way to increase efficiency, deliver better legalservice and amplify business outcomes.
Contract lifecycle management (CLM) has become a hot topic in the legal space; a must-have solution for CXOs looking to get a handle on their legal agreements. Given the shift in legal automation, the adoption and implementation of contract management solutions are gaining significant ground.
For example, instead of a CEO pitching a new AI contract review tool, SXSW might feature a discussion between a tech founder, a law professor, and a privacy advocate about the impact and ethical implications of AI-driven decision-making. And thats just the first day. Finally, SXSW isnt theoreticalits about real-world impact.
As a leading provider of legal technology software, LawVu maintains close contact with our customers and the broader in-house legal community, ensuring we are always aware of emerging trends and able to deliver on our mission, which is to support and accelerate the work of the worlds corporate legal teams.
The DWF Legal Operations & Technology Consulting team (LOTC) is a global team of experts that offer consultancy services to large corporate in-house legal teams to transform their legalservices, no matter the stage they are at in their transformation journey.
Heres the breakdown: The financial cost of legal friction The white paper confirms that the financial cost of legal friction is staggering. Theres no argument on this front from in-house legal respondents 71 percent agree that inefficient processes are negatively impacting their ability to deliver legalservices in a timely manner.
The legal industry is not exempt from this, most notably with how clients expect to be served. Today, better and expedited access to legalservices is simply a baseline to meet, not a privilege. Heres how legal digital transformation helps firms fare better while scaling their practice.
Since its inception in the mid-twentieth century, LPO has grown considerably, and it is now a dominant business, with law firms in the Global South exporting legalservices to typically white-shoe law offices in affluent countries at a much-reduced cost. billion of the worldwide Legal Process Outsourcing (LPO) requirement by 2025.
A fact reiterated by Gartner’s prediction – “By 2025, 30% of new legal technology automation solutions will combine software with staffing for a “human-in-the-loop” offerings. The state of Human in the loop in Legal Human-in-the-loop machine learning does not hinder total automation.
Despite trends that point toward moving a steady majority of their legal budgets towards internal legal resources, corporate legal spend on outside counsel is still significant. Automate communications with legalservice providers and finance teams.
The DWF Legal Operations & Technology Consulting team (LOTC) is a global team of experts that offer consultancy services to large corporate in-house legal teams to transform their legalservices, no matter the stage they are at in their transformation journey.
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. We are partnering with service providers, selling directly to law firms and approaching corporate legal departments.
Existing reporting companies created before January 1, 2024, will have a full year from the bill’s effective date to meet the new compliance requirement—as their reports are due by January 1, 2025. The Convention is expected to enter into force between China and the contracting states on November 7, 2023.
As to the later written agreement, Morris admitted that the loan would not be due until 2025, after the next election, and could be excused by Morris. You had legal counsel as well. Q Does that contract allow for Hunter Biden to purchase back BHR at a certain time point? The answer is yes. Mr. Morris. A lot of them.
At the same time, it significantly reduced the commission it charged clients to 8%, making legalservices more affordable for them. “We Since then, UpCounsel seeks to maintain a balance between the number of attorney subscriptions it allows and the demand coming into the site for legalservices. Becoming Profitable.
Alternative legalservices providers (ALSPs), on the other hand, could join forces with AI and decimate the junior ranks. Among firms with their own affiliate ALSPs, a remarkable 62% also engage independent ALSPs to handle tasks like eDiscovery, contract review, and compliance work.
The research reveals that, on average, in-house legal teams spend: Almost two hours per day going back and forth with the wider business, compiling assets for reporting and managing their own teams and workloads. The right legal technology means greater efficiency, productivity and engagement. That means less legal friction.
Commercial courts will, hence, be able to offer more specialized legalservices as well as services that correspond to the needs and expectations of (international) commercial parties. 119b(1) GVG).
First, from the Houston Chronicle : President Donald Trump signed an executive order Wednesday ordering federal agencies to terminate their contracts with Susman Godfrey LLP , a Houston-based law firm that represented Dominion Voting Systems in its defamation suit against Fox News. Two headlines for #1. Read more and listen here. #10
The judges decision temporarily blocks the Trump administration from carrying out many of the orders punishments, including one directing agencies to turn the firms lawyers away from federal buildings and another aimed at terminating any federal contracts Susman Godfrey holds. Read full order here (H/T Legal Profession Blog ). #10
On March 6, Trump directed federal agencies to terminate contracts with Perkins Coie “to the extent permitted by law,” to limit the firm’s 1,200 attorneys access to federal buildings and employees, and to halt all security clearances. This means the firm cannot represent clients with government contracts. Elizabeth G.
The move allows KPMG to greatly expand its legal offerings, for example, into services such as drafting and updating contracts and reconciling legal materials in merger-and-acquisition deals. Legal Counsel, Compliance & Data Privacy, Marriott India. 2025 March 27, 10:15-11:15AM Central. Learn more here.
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