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This is among the findings of a new survey of in-house lawyers commissioned by the contract management company ContractWorks and conducted by the U.K.-based Read about ContractWorks on the LawNext Legal Tech Directory. What is holding legal departments back from adopting technology?
More than three-quarters of those who responded to the survey identified two trends as having the biggest impact on their organizations over the next three years: the increasing importance of legaltechnology and the increasing volume and complexity of information. Contract management. Clients Demand Tech.
For all that was horrible about 2020, we emerged from it and crossed over into 2021 with a sense of hope. Legal tech went public. Before 2021, the last time a legaltechnology company went public in the U.S. In the years since, the legal tech market saw little IPO activity. Given this paucity of U.S.
The pandemic acted as a catalyst for tech adoption across the legal sector, with countless IT teams working through the night to set their employees up to workfromhome. I know what you’re thinking: it’s repetitive work, but it’s important work – and you’re right! Clients now expect more for less.
Jonah Paransky, executive vice president and general manager of Wolters Kluwer’s ELM Solutions, reflects on the effects COVID-19 will have on the legal industry moving forward, as it relates to diversity, alternative legal service providers, and what he’s both concerned and excited for looking ahead.
For all that was horrible about 2020, we emerged from it and crossed over into 2021 with a sense of hope. Legal tech went public. Before 2021, the last time a legaltechnology company went public in the U.S. In the years since, the legal tech market saw little IPO activity. Given this paucity of U.S.
We hear a lot about legaltechnology changing the way law firms operate, but technology doesn’t drive change: it empowers law firms to make the changes they want to make, or that they need to make to stay competitive and grow their businesses. 89% in private practice said they had the option of working remotely.
There are two large and outspoken groups, those who believe that we need to get back to the office if we haven’t already and those who believe that some combination of going to the office and workingfromhome is the way to go. . A good example is a DIY interactive legal form that a buyer purchases.
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