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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.
SXSWor as some call it, South Byis a sprawling, nine-day event (13 if you include the education-focused portion) that blends technology, music, film, media, and culture into an immersive experience. Over the years, it has morphed into a global event that brings together emerging technology, digital media, and internet culture.
In response, they are investing more in automation, advanced analytics and other technologies that will help them manage the workload. This trend toward the increasing technology in law is echoed by industry analysts. Must law firms keep pace with their clients’ technology efforts? According to Gartner Inc.,
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.
As a leading provider of legaltechnology 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.
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. Discover how LawVu can transform your legal operations at www.lawvu.com.
Explore 10 of the best legal directories that are worth your time. Best Legal Directories for 2025 at a Glance Choosing the right legal directory is essential for improving online visibility and client engagement. Technology experience and virtual collaboration comfort are also required.
.” It found that 69% of responding attorneys believed that understanding which technologies to deploy was important — which of course implies that 31% did not find it important. Additionally, no consensus was reported on which technologies would have an impact. However, notable exceptions are present.
Without that alignment, Legal Ops risks being underutilized, and legal teams may miss opportunities to operate at their full potential. The best outcomes come when Legal Ops and GCs work as true partners. 4: Technology & AI Integration AI is rapidly changing the way legal work gets done.
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. Maybe not right away in 2025, but I think well definitely start seeing that competitive disadvantage by 2026 and beyond. in 2012 known as the technology amendments.
As we step into 2025, the legal operations landscape continues a transformation anchored by a simple question: What does value truly mean in a legal department? Instead, it lies in fostering a change management culture that prioritizes efficiency, transparency, and alignment between legal departments and their partners.
DWF and LawVus complementary solutions and tight working relationship means that legal teams of all shapes and sizes can access the right technology, advice and support they need to thrive. Were thrilled to be partnering with Emma and the team – theyll bring immense value to LawVu customers.
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. Key Benefits of Digital Transformation to Your Law Firm Growth Why do we need digital transformation in the legal industry ?
However, these technologies may not be able to perform complex tasks or make decisions on their own. Humans and machines go hand in hand, the future of technology with human-in-the-loop is inevitable. Human expertise is critical in helping technology progress toward full autonomy.
Harness Your Momentum Jack Newton, Clio’s Co-Founder & CEO, talks with On the Road’s Host Laurence Colletti The next few years promise to be hugely transformative for the legal industry, and attorneys who maintain a focus on their firm’s momentum are bound to have greater success. Will we see you there?
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. Why Does LPO Matter? The Need for LPO.
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. Four CLM providers secured nearly $70 million in investment in the second quarter of 2020, making contract management software among the top 10 legal tech investments.
DWF and LawVus complementary solutions and tight working relationship means that legal teams of all shapes and sizes can access the right technology, advice and support they need to thrive. Were thrilled to be partnering with Emma and the team – theyll bring immense value to LawVu customers.
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. Four CLM providers secured nearly $70 million in investment in the second quarter of 2020, making contract management software among the top 10 legal tech investments.
Upwork estimates that by 2025, 36.2 And according to McKinsey , “the potential for remote work is highly concentrated among highly skilled, highly educated workers,” with the highest potential found in the finance, management, professional services, and information sectors. Providing security that doesn’t impact productivity.
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.
At AltFee, we are addressing one of the most significant challenges law firms are facing worldwide: the inability to depend solely on the billable hour model for pricing services and achieving profitable scalability. We are constantly innovating and will continue to provide the most cutting-edge technology within the eDiscovery marketplace.
Alternative legalservices providers (ALSPs), on the other hand, could join forces with AI and decimate the junior ranks. billion in 2023, growing at an 18 percent compound annual rate, outpacing traditional legalservices. All right, maybe not literally and realistically its going to be more a lot more than 10 percent.
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. Read more here. #8
Will the legal profession be restructured by political intimidation ? Oyer, the pardon attorney for the DOJ, was fired March 7, 2025, and asserts her termination resulted from refusal to recommend restoration of firearm rights to Mel Gibson, who lost these rights in a 2011 misdemeanor domestic violence conviction. Elizabeth G.
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