Remove 2025 Remove Document Review Remove Law Firms
article thumbnail

Legal Technology Simplified in 2025

CARET Legal

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.

article thumbnail

Time’s Up: Will Law Firms Say Goodbye To Billable Hour In The (Gen)AI Era?

Above The Law

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 legal services are delivered and will force law firms to re-engineer their legacy economic model.

Law Firm 110
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Legalweek 2025: How General Counsel Learned To Stop Worrying And Love The Bot

Above The Law

In a conversation with DISCO last week about its AI tool and the value it can provide in making quick assessments to get a step ahead in strategy at the outset of a matter — having a sense of the risks as early as possible in the case matters. Last week, the second installment of The General Counsel Report 2025 dropped.

article thumbnail

6 Paralegal Tips + An Invitation to Join Me

Paralegal Bootcamp

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 law firms, an attorney told me something I’ve never forgotten. And you don’t need to be a tech genius to master these tools – you just need the right training.

article thumbnail

Using Artificial Intelligence to Improve Law Firm Performance

LawTechnologyToday

In fact, Statista reports that global revenues from enterprise applications making use of AI are expected to increase by almost $30B by 2025. Artificial intelligence is a useful tool becoming more widely used in real-world applications that learn to complete tasks ordinarily done by humans. The Current State of AI Technology.

Law Firm 103
article thumbnail

Why Legal Process Outsourcing is the right choice for you?

Cenza

During the COVID-19 pandemic, corporate legal departments and law firms around the world struggled to meet the new normal’s demands. It is estimated that global spending on legal services outsourcing was over $690 billion in recent years, with the United States and Europe accounting for about 60%. Why Does LPO Matter?

article thumbnail

Voting Is Open! Pick the 15 Finalists to Compete At Startup Alley at ABA TECHSHOW 2024 in February

LawSites

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 makes you unique or innovative?