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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.
Litera CEO Avaneesh Marwaha Generating first drafts of legal documents. Managing contract redlines and coordinating revisions. 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?
When you run a lawfirm, you are responsible for far more than just winning cases or representing your clientsyou also need to manage your lawfirms day-to-day operations. Legal practice management is a complex but necessary part of your business. Unfortunately, lawfirms often struggle with it.
Key takeaway: Legal document automation software is a tool that creates smart, customizable templates for common legal files and forms. Lawfirms can use this software to quickly generate and share documents with clients—eliminating issues with human error, versioning, and access.
So, as we gear up for 2025, lets look back at the memorable moments weve shared, highlighting the greatness weve achieved as a community. Starting 2025 Off Right: Resources to Boost Your Practice Here are some tools, tips, and exclusive offers to help you get a strong start to 2025. Thank you for being part of this journey!
It is a modern enterprise legal management solution (ELM) purpose-built for all in-house legal workflows. A legal workspace seamlessly connects matter management, contract management, spend management, documentmanagement, and knowledge management with automated workflows and data capture across all of those functions.
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. What makes you unique or innovative?
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