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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.” As we step into 2025, we’ll continue to experience technological evolution at an unprecedented pace that will reshape how law firms operate.
Learn how big tech has changed the legal industry Free Guide The Small Firm’s Guide to Big Tech While any change in how you operate your law office can feel overwhelming, there’s never been a better time to start migrating your office structures online. Without technology, even the most basic administrative tasks eat into billable hours.
When you talk to Cat Casey, you quickly realize shes not just an expert in AI and legaltechnology — shes a force of nature. As the chief growth officer at Reveal and a globally recognized voice in legal AI, Cat brings a unique blend of humor, insight, and pop culture references to a field that desperately needs all three.
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In the latest installment of How It Works , we learn about Evisort , a leading provider of contract management and AI solutions for legal, procurement, sales, finance, and IT teams. After providing an introduction to Evisort, Hawkins demonstrates how to: Turn contracts into data. Use the Salesforce integration.
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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 legal service is, of course, quite different from developing a new disinfectant, or building a software application or a material object.
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Want to know what kind of year this has been for legaltechnology companies? The company, which provides AI-driven contract management, is today releasing a year-end report that reveals that it has doubled both its revenue and headcount in 2021. It would be naïve to suggest that every legaltechnology company thrived this year.
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The LegalTechnology Resource Center ’s Women of Legal Tech initiative is intended to encourage diversity and celebrate women in legaltechnology. How did you become involved in legal tech? Helping clients modernize their practices and use available technology more effectively. Innovator.
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Not surprisingly given the economy, a survey of inhouse legal professionals finds that companies are slowing down or freezing hiring, reducing outside counsel spending, and conducting layoffs. To help counter these cuts and reduce their workloads, legal departments are increasingly bullish on leveraging legaltechnology, the survey finds.
For the contemporary lawyer, legal automation is playing an increasingly integral role. In fact, according to the International LegalTechnology Association’s 2019 Technology Survey, automation was among the top three technologies that respondents said would be a “major factor in the legaltechnology profession” moving forward.
Priori Legal , a marketplace for in-house legal teams to find and hire outside counsel, is expanding to also serve as a marketplace for legaltechnology and alternative legal services providers. Factor , the alternative legal services provider that describes itself as delivering complex legal work at scale.
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This year, Ill be attending the interactive portion, which focuses on the intersection of technology, business, and policy and the futurespaces where legal can and will be impacted. Companies showcase the latest gadgets, AI-powered solutions, and futuristic concepts that are on or will soon hit the market. SXSW is different.
Litera’s strategic vision — sometimes more like a mythic quest — involves building the ultimate end-to-end law firm software empire and the company is always on the lookout for providers offering unique technologies that fit into the overall mosaic.
New technologies continue to evolve the legal landscape. In this guide, we’re breaking down what attorneys need to know about legaltechnology, including: . A brief overview of legaltechnology . Different types of legaltechnologies and their benefits . What is LegalTechnology? .
Out of 65 products named in this year’s awards, just two legaltechnology products made the cut: Evisort , a company that provides AI-driven contract management for legal, procurement, sales, finance and IT teams; and Onit , a company that provides enterprise workflow products for corporations and corporate legal departments. .
This week marked the annual Legalweek show in New York, one of the world’s largest and most prominent legaltechnology conferences. Everlaw said that the features “deliver unprecedented visual intelligence and automation to help legal teams quickly find hidden stories and context in the growing bodies of digital evidence.”
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AI tools are becoming a core component of in-house legal work – but to leverage their value safely, responsible use is paramount. As Artificial Intelligence (AI) continues to be a transformative force across multiple industries, it’s offering huge opportunities for accelerated growth and innovation – and the legal industry is no exception.
Despite trends that point toward moving a steady majority of their legal budgets towards internal legal resources, corporate legal spend on outside counsel is still significant. Approved timekeeper rates refer to the hourly rates for legal professionals (timekeepers) that a legal department has agreed to pay.
The product listings continue to grow in the LawNext LegalTechnology Directory , which we launched in February. “Led by the world’s fastest and most accurate patent drafting and proofreading solution, Patent Bots is a suite of innovative software tools that leverage AI and big data to simplify patent prep and prosecution.”
In the latest installment of How It Works , we learn about Evisort , a leading provider of contract management and AI solutions for legal, procurement, sales, finance, and IT teams. After providing an introduction to Evisort, Hawkins demonstrates how to: Turn contracts into data. Use the Salesforce integration.
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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. It polled 700 legal professionals across the U.S.
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