This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
The right technology can automate processes, enhance output, and ensure that a legal company remains relevant in the market. With advanced technology for law firms, experts can reduce the time they spend on repetitive tasks and place more effort on more demanding activities like client strategy.
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.,
Streamlining Contract Lifecycle Management (CLM) implementation is crucial for ensuring a smooth and efficient process. Managed legalservice providers like Cenza can play a significant role in simplifying the implementation process. Keep contracts and related documents secure and compliant.
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.
At LawVu weve always had a commitment to continuous innovation and delivering industry-leading features that address the real challenges of modern legal teams, said Sam Kidd, Co-founder and CEO of LawVu. Discover how LawVu can transform your legal operations at www.lawvu.com.
Contract attorneys have made it possible for legal organizations to level up their teams’ expertise without increasing headcount. . In many cases, this meant that they, like their law firm counterparts, hired contract attorneys to fill in gaps, provide niche expertise and keep costs in check.
Technology, regulatory and compliance issues all add to a mix of challenges that vary by industry, location and company size. In legalservices, specialization has been spurred by rapid change. Commoditization of Legal Documents. Drivers Behind Practice Specialization. Here is a quick look at some key factors to consider.
As the world is increasingly adopting technology, legalservice delivery is changing its service models, delivery programs, and business structures in order to adapt to new demands. Suppose we deep-dive into the post-execution contract management tools. Next, the lawyer identifies the contracts for the AI.
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.
It took years to shape into a formal industry and to be christened Alternative LegalService Providers. This fact was further reiterated by Thomson Reuters’ Alternative LegalService Providers 2021 Report, which unveiled that nearly 79% of law firms and over 71% of corporate law departments are leveraging the services of ALSPs.
A leading voice at the University of Minnesota Law School, Schwarcz bridges the academic and practical worlds of AI, insurance law, and legaltechnology. When OpenAIs ChatGPT burst onto the scene, Schwarcz dove headfirst into studying how this technology could affect legal education and practice. The results?
The acquisition will strengthen KLDiscovery’s Managed Document Review and enhance the Company’s contract lifecycle management offering. Christopher Weiler, CEO of KLDiscovery, welcomes Aditya Mirza, CEO of Cenza, into the KLDiscovery family. KLDiscovery Inc. (“KLD”), The full press release is here.
Ari Kaplan recently spoke with Marla Crawford, the general counsel at Cimplifi, an integrated legalservices provider that aligns e-discovery and contract analytics for corporate…
This invention set the stage for a technology revolution in the legal space. Since then, the industry has witnessed constant inventions and upgrades in tandem with the ever-changing needs of global legal professionals. Early-aughts witnessed a new era in legaltechnology when pioneering solutions emerged in the market.
This year’s survey provides a wealth of statistics about law firms, the effects of the pandemic, and legaltechnology purchasing decisions. Last month I focused on statistics relating to how lawyers planned to invest technology spend moving forward. Client satisfaction.
Therefore, legalservice providers have been contending to streamline their processes and systems with the aid of technology. An effort to maximize the value delivered by technology and enable business growth has resulted in the genesis of Alternative LegalService Providers (ALSPs). billion as of 2017.
Leveling the playing field by equipping pro se litigants with tools and knowledge to navigate the legal process. The Role Of Technology In Reconstructing Justice Technology offers a unique opportunity to rethink the justice system. But Sonja offered a reality check: Technology alone isnt enough.
In a growing legalservices market, firms are seizing opportunities for growth. Others strategically acquire or merge to add strength to the leadership team or increase services to support a growing client base. Consider these key points for planning a smooth technology integration. Assemble a Cross-functional Team.
Technology leaders have had to reassure users across all sectors that AI is here to help them, not replace them. The time is now to figure out how to use them to reduce costs, minimize risks, develop better business strategies — and deliver the best legalservices possible. The law isn’t unique in its resistance to AI.
Those predictions have fallen flat across the legal sector. Instead, in the past decade, the popularity of legal project management has grown exponentially. Offering a legalservice is, of course, quite different from developing a new disinfectant, or building a software application or a material object.
Legal operations has existed for longer than one might think. Before the role was defined, some functions were performed by an office manager within the in-house legal department. Technology wasn’t prevalent, so the job was primarily focused on making sure the day-to-day operations of the legal organization ran efficiently.
I sat down with Dr. Don Billings , a long-time colleague, who knows just about anything one needs to know about legaltechnology and beyond. As those of you who have been in the field for awhile know first-hand, lawyers are always the last to get on the bandwagon with changes, let alone technology changes. Not going to happen.
In Season 9, Episode 5 of “Notes to My (Legal) Self,” I had the privilege of sitting down with Robert Hanna, a passionate advocate for legal talent solutions and community building in the age of AI. Whats Next For Legal Communities? AI will create ultra-customized legalservices and career development opportunities.
At one point, early in the generative AI era, I wondered if developing this technology to essentially take over first-pass review and hand senior lawyers who view computers much like the Supreme Court views voting rights access to interrogate discovery materials might deal a devastating blow to the alternative legalservice provider sector.
While many focus on legal representation, its easy to overlook how foundational processes like service of process contribute to the problem. This frustration led him to create Proof Technology, which streamlines service of process with AI and real-time tracking. But it wasnt just about solving logistical problems.
The event, themed "Brewing the Future: In-House Legal in the Age of LegalTech and AI," brought together 100 registrants from in-house legal departments, law firms, and legalservice providers. Key Takeaways: AI will drive efficiency, reducing costs and enhancing service delivery. ABS in Arizona).
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.
But as legaltechnology blurs the lines between legal advice and legal information, how do we protect consumers, empower innovation, and stay true to the profession’s core values? Traditional one-on-one lawyering is no longer the sole model for delivering legalservices.
Legal professionals agree that the pandemic accelerated the critical role of technology in the future success of their law firms and legal departments, but only a third believe their organizations are well prepared for addressing technology’s increasing importance. Clients Demand Tech.
All businesses – from manufacturing and information technology to food and legal – have been adversely impacted. The entire legal ecosystem will likely undergo a seismic shift in the way it operates. What’s in store for legalservice providers?
Automation of Contract Lifecycle Management (CLM) is vital to gain intelligence and make a business more profitable in today’s digital era. A report by IACCM has cited that poor management of contracts costs 9% of an ‘organization’s annual revenue. Go beyond the number to realize the Contract Management ROI.
A well-optimized legal team acts as an accelerator for the business: supporting core functions, unlocking opportunities to scale, and driving strategic outcomes. Thats why corporate legal departments are integral partners to their organizations. What is legal friction? What is a legal workspace?
Long called Legaltech New York, it was renamed Legalweek in 2017 , and is one of the largest, longest-running and most-anticipated conferences focused on legaltechnology and the business of law, last year drawing over 6,000 attendees and featuring more than 300 speakers. Innovations in Technology Conference, Feb. 29 to Feb.
Proxiio Global Solutions , an India-based provider of litigation and corporate legalservices for law firms and in-house legal departments, is today officially launching in the United States. Leading U.S.
Most sessions covered technology—tools, platforms, and features. This year, however, there was a noticeable shift towards a discussion of business models throughout the legal industry. Change Management and User Group Lessons Learned from The Roses; The Future of LegalServices Pricing; and The Legal Engineer Consultant.
In recent years, new technology, specialization, client demand, and the pandemic forced the legal industry to adopt more efficient practices, including embracing the use of virtual legalservices. Enter Alternative LegalService Providers (ALSPs). Enter Alternative LegalService Providers (ALSPs).
In the blur of activity that was last week, I attended two legal tech conferences, plus an adjacent legaltechnology summit. Estimates say some 60 percent of small business owners deal with legal problems without the assistance of a lawyer, and countless middle-income Americans go without legal help.
Innovation is the foundation of technology; with users’ needs dynamically changing, there must be constant innovation for any technology to thrive. The legal industry has been slow to adopt new technologies due to several critical factors, but it has eventually picked up the pace.
Linkedin ) Kunoor, a California attorney, is Co-founder and VP of LegalServices at Elevate. She has spearheaded the transformation of the legal industry by creating expert led, software powered solutions that provide effective and efficient options to obtain, manage, and perform legalservices.
The Legal Industry: Crumbling Infrastructure And A Call To Action Jordan and I began by acknowledging a shared observation: the legal system, as it stands, is not working. From inaccessible legalservices to widespread dissatisfaction among lawyers, clients, and judges, the entire ecosystem is overdue for transformation.
By streamlining complex processes and enhancing accuracy, AI is not only optimizing how legal professionals work but also redefining outcomes. Artificial Intelligence (AI) is revolutionizing the legal world, transforming key practices including case reviews, legal research, contract analysis, and predictive analytics.
We organize all of the trending information in your field so you don't have to. Join 99,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content