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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 lawfirms 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. Automating these tasks not only saves time, but also reduces human error.
For lawfirms, streamlined, effective legal billing software is incredibly important. Enter modern legal billing software. It ensures that your firm’slegal billing processes are efficient and accurate by reducing the steps needed to invoice clients and accept online payments. Hurdle 5: Disparate Solutions.
By embracing legal tech, firms are stepping into the future and preserving the integrity and success of their practices. forcing at-home work to extend even further, the legal industry continues to feel the disruption. The Rise of Legal Tech and the Evolving LawFirm. Data Security Is Top Priority.
Advisory firm CEB estimates that the percentage is 40%. Small lawfirms are not immune to this trend. How many lawfirm services are in the cloud, especially today? Sometimes those outside the IT department are pretty sharp technologically — and running shadow IT operations doesn’t intimidate them.
As a practicing attorney, I benefit every day from legal software designed to streamline the everyday lives of legal professionals. These are the promised benefits of legal tech. These are simply my observations of software developed to address specific fields of law. Practice-Specific Legal Software Solutions.
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Artificial intelligence tools have become prevalent in legal practice, particularly in eDiscovery. That doesn’t mean, however, that lawfirms and litigation support teams have been quick to embrace them. Despite their benefits, many legal organizations have been hesitant to implement AI tools. AI Hesitation.
Legaltechnology company SurePoint Technologies has acquired the legal practice management company ZenCase in a strategic move aimed at enhancing SurePoint’s practice management offerings for mid-sized lawfirms.
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The rise of online payment solutions has impacted nearly every industry, shaping consumer expectations for everything from grocery shopping to high-level business operations. People aren’t just accustomed to digital payments—they actively seek them. But not all legal CRMs are created equal. But not all legal CRMs are created equal.
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Litera CEO Avaneesh Marwaha Generating first drafts of legal documents. In the age of generative AI, the biggest legaltechnology use cases often focus on streamlining the tasks routinely performed by junior associates. What other revenue generating use cases emerge from leveraging a lawfirms data?
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Legal directories are online platforms where attorneys and lawfirms showcase their expertise, credentials, and services. These directories serve as a vital resource for potential clients seeking legal help, offering quick access to detailed attorney profiles categorized by practice area, location, and reviews.
During the past two years, the pace of tech adoption quickened as firms moved to automate their practices for remote work and virtual practice. We wondered what tools or initiatives small firms might open their wallets for this coming year. Your incremental new tech solutions can get you to your next level, without breaking the bank.
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Professional human translators have always been the go-to way of translating documents for legal proceedings. However, machine translation (MT) has become a viable alternative for some types of legal content due to faster turnaround and lower cost while retaining a high level of actionability. Multilingual E-Discovery .
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Integrated accounting software is a vital tool for modern law practices. This software understands how lawfirms work and can make daily accounting workflows and overall client and financial management more efficient. For lawfirms, however, this increases labor and operational costs.
Advances in technology and access to legal staffing is helping rural lawyers improve workflows and operate more efficiently. For example, there may be a scarcity of local IT professionals to help them troubleshoot technology problems. First, now is the time for rural practices to embrace automation.
In his keynote speech opening LEX Summit in Salt Lake City, Filevine founder and CEO Ryan Anderson emphasized platforms as the future of technology for lawfirms, criticizing the legaltechnology landscape as a fragmented and inefficient array of point solutions, and promising that Filevine will deliver firms a better way by bringing together everything (..)
It is an all-too-common scenario in legal tech: A lawfirm deploys a new legal tech product, hoping to enhance the productivity and efficiency of its legal professionals, only to see it sit idle and underutilized by the very professionals it was intended to benefit.
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Last month, we announced the launch of the LawNext LegalTechnology Directory , which we hope will become the most trusted source of legal tech products in the market. Legal professionals are invited to add reviews of products they have used, to help guide others in evaluating products.
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As lawfirms and legal departments expand technological capabilities, an emphasis remains on increasing efficiency while providing value. Solutions templating in a technology platform can make creating and configuring new sites more intuitive, efficient and seamless. This includes: Legal data.
Clients are well-informed and have a multitude of legal service options, creating a competitive environment that puts significant pressure on lawfirms to offer both competitive rates and top-quality service. Lawfirms are grappling with a growing trend – client rate pressure. Let’s dive in.
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MyCase , a long-standing case management software provider, has established itself as an effective all-in-one solution for lawfirms, jam-packed with in-house features. Now, in step with the growth of the legal tech space overall, the MyCase universe is beginning to expand. to its stable. integration and that Smith.ai
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But, with so many products coming online, what should small firms know before they buy? Assembly Legal’s McKay Ferrell explains some common misunderstandings so you can better evaluate the options. . It’s not true that small lawfirms can’t compete with bigger firms. Fortunately, this is not the case.
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And unfortunately, lawfirms are attractive targets for cybercriminals. Here’s a breakdown of why lawfirms of all sizes need to invest even more in cybersecurity and what they can do to keep their offices safe. Why LawFirms are Popular Targets. Adopt Cloud-Based Technology. In the U.S.
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