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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.” The importance of adopting these technologies cannot be overstated.
For benchmarks to be valuable, they must test real-world problems that legal professionals face and measure what customers care about. The challenge is one-dimensional metrics do not offer a reliable representation of the real value of GenAI in the legalresearch process. Technology companies care deeply about benchmarking.
I’m holding a FREE 5-Day Paralegal Challenge that kicks off on March 24, 2025. Embrace Technology as Your Competitive Edge This one comes from anonymous. Whatever technology is applicable to your practice area, know it better than anyone else on your team. Or you can listen to the audio version in the player right here.
Automating time tracking through technology. Well also share key insights from the 2025 MyCase Legal Industry Report to show how firms are benefiting from this technology. Download the 2025Legal Industry Report for key insights and trends.
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.
So youre really good at drafting discovery, doing legalresearch, managing document productions, etc. Just like 15-20 years ago, the legal professionals who didnt embrace the technology that could allow them to more efficiently review 20 GB of records. in 2012 known as the technology amendments. Yes, thats you.
In fact, Statista reports that global revenues from enterprise applications making use of AI are expected to increase by almost $30B by 2025. With such monumental growth, it’s no wonder the legal industry is getting in on the action. As luck would have it, the legal field is fertile ground for the benefits of AI technology.
With client expectations at a steady rise, its clear that the legal industry is reaching its tipping point and the only way to regain balance is to implement digital transformation in law firms day-to-day systems. What Is Legal Digital Transformation ?
Other challenges include cybersecurity concerns, difficulties with remote work, process workflow optimization, and the adoption of new technology. The global legal process outsourcing (LPO) market, which is predicted to reach US$30 billion by 2027 , has surged as a result of this influence. percent between 2019 and 2025.
This predicament arises from the widespread adoption of advanced technology, which diminishes the time required to accomplish billable tasks. Altumatim leverages the power of the latest in AI and computer technologies to provide results that others simply cannot provide. We also automate detecting a variety of confidential information.
On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness.
On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness.
On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness.
On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness.
And thats what makes DOGE the biggest legaltechnology story going right now. The infrastructure of legalresearch, access to case law, and the basic mechanics of litigation are increasingly wrapped up in digital tools.
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