Stefan Steenveld’s Post

With shiny, new and impressive legal technology tools appearing on the market every day, firms must cut through the smoke and mirrors of the rapidly evolving digital market and ensure that they are making informed choices to implement the right innovation and avoid making poor investments. With commentary from Jorge Ignacio Gross Brown from Colab, Miguel Remmer and Maximiliano D´Auro from Beccar Varela, Ricardo Garcia Giorgana and Carlos Chávez from Galicia Mexico, Patrícia Helena Marta Martins from TozziniFreire Advogados, Javier Robalino Orellana and Diego Lituma from Robalino, Leonardo Bruno Brandileone from Mattos Filho, Monica Malcotti from BLP Legal, Jaime Carey T. and Francisco Carey from Carey and Gabriel Sanchez from Posse Herrera Ruiz

Almost 90% of the top 100 law firms have now implemented or trialled GenAI tools and remain positive about its potential impact, however mid-tier firms have highlighted their concerns over how the tool may impact current business models, pricing and client demand. With the pace of technology change, a wait and see approach is not an option to avoid being left behind - law firms need to have a clear change and adoption strategy that goes beyond trialling and experimentation. Read more in our Annual Law Firm Survey for 2024 and hear from our industry experts here: https://pwc.to/4eUtN79

Join us this November at the #LegalTech Conference where we’ll explore one of the most critical areas shaping the future of in-house legal teams: Leveraging Technology to Innovate #LegalOps. Discover how cutting-edge technology is transforming legal operations and creating efficiencies that go beyond traditional practices. Here’s what you can expect from this pivotal session featuring Eoghan Kenny, Mark Hasted and Michael Doran: 🔹 Tech’s Influence on Legal Ops: Learn how technology has reshaped in-house legal teams, streamlining workflows and driving strategic impact across the organisation. 🔹 Tech Selection & Implementation: Explore key considerations when choosing and rolling out new technologies – ensuring alignment with your team’s goals and business needs. 🔹 Change Management: Managing technology-driven change is critical. We’ll share best practices to ensure a smooth transition and maximum adoption. 🔹 Automation & Efficiency: Delve into the power of automation and AI to enhance productivity, reduce costs, and free up your team for higher-value tasks. 🔹 Strategic Impact: Uncover how leveraging legal tech can help your team not just support, but lead strategic business initiatives. Whether you're exploring new tech or looking to optimise your existing tools, this conference is your opportunity to future-proof your legal ops. 👉 Secure your spot now: https://lnkd.in/eaRJ-Zrm #Innovation #InHouseCounsel #Automation #LegalInnovation #ChangeManagement #TechSelection

🤖𝗧𝗵𝗲 𝗱𝗲𝗯𝗮𝘁𝗲 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗿𝗲𝗽𝗹𝗮𝗰𝗲𝗺𝗲𝗻𝘁 𝗼𝗳 𝗹𝗮𝘄𝘆𝗲𝗿𝘀 𝗯𝘆 𝗺𝗮𝗰𝗵𝗶𝗻𝗲𝘀 𝗶𝘀 𝗮𝗹𝗿𝗲𝗮𝗱𝘆 𝗮 𝗰𝗹𝗶𝗰𝗵𝗲́ 𝗰𝗿𝗼𝗽𝗽𝗶𝗻𝗴 𝘂𝗽 𝗮𝘁 𝗺𝗼𝘀𝘁 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗰𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲𝘀 𝗮𝗻𝗱 𝘀𝗲𝗺𝗶𝗻𝗮𝗿𝘀, as many lawyers see themselves as threatened by this possibility considering the extraordinary capacities the technology is acquiring. ⚖️If we focus on the advanced artificial intelligence and document automation tools currently being used in the industry we can say, without fear of contradiction, that jobs at law firms really are going to be destroyed. 💡This phenomenon will even redefine the structure of the biggest firms, the early adopters of these technologies, for which these tools are already almost essential elements for providing service to clients, for example when dealing with due diligence for merger or acquisition processes. 𝗧𝗵𝗲𝘀𝗲 𝗳𝗶𝗿𝗺𝘀 𝘄𝗶𝗹𝗹 𝗿𝗲𝗾𝘂𝗶𝗿𝗲 𝗳𝗲𝘄𝗲𝗿 𝗹𝗮𝘄𝘆𝗲𝗿𝘀 𝘁𝗼 𝗱𝗼 𝘁𝗵𝗼𝘀𝗲 𝗷𝗼𝗯𝘀. 𝗟𝗮𝘄𝘆𝗲𝗿𝘀 𝗺𝘂𝘀𝘁 𝗰𝗵𝗮𝗻𝗴𝗲 𝘁𝗵𝗲𝗶𝗿 𝘄𝗮𝘆 𝗼𝗳 𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝘁𝗼 𝗮𝗱𝗼𝗽𝘁 𝗻𝗲𝘄 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀. W𝗵𝗲𝗻 𝘁𝗵𝗲𝘆 𝗱𝗼 𝘁𝗵𝗮𝘁, 𝘁𝗵𝗲𝘆 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗽𝗿𝗲𝗽𝗮𝗿𝗶𝗻𝗴 𝘁𝗼 𝗵𝗲𝗹𝗽 𝘀𝗼𝗰𝗶𝗲𝘁𝘆 𝗶𝗻 𝗶𝘁𝘀 𝗶𝗻𝘁𝗲𝗿𝗮𝗰𝘁𝗶𝗼𝗻 𝘄𝗶𝘁𝗵 𝗺𝗮𝗰𝗵𝗶𝗻𝗲𝘀. #technology #machines #innovation #lawfirms

🤔 Curious about how the legal industry is leveraging technology to gain a competitive edge? Look no further! We have just released an in-depth PDF guide that explores this topic. 📥 Download our guide now to discover the latest trends: 👉 https://hubs.li/Q02hhZwC0 👈 #LegalTech #DigitalTransformation #Innovation #LegalIndustry #Lawyers #TechnologyAdvancements #DownloadNow #StayAhead

🌟Implementing LegalTech isn't without its challenges! Professional resistance, inadequate planning, IP and data issues, and funding can all stand in the way. But with the right strategies, these barriers can be overcome. By fostering a culture of innovation, investing in comprehensive training, and ensuring meticulous planning, law firms can navigate these obstacles and fully harness the transformative potential of technology. 🔍 Ready to dive deeper? Discover how to overcome these challenges and successfully implement LegalTech in your practice. 👉 Read the full article here: https://lnkd.in/eys2WirU #LegalTech #Innovation #LawFirm #Technology #LegalIndustry #Automation #FutureOfLaw

Good afternoon, LinkedIn community! I've just had a read of an insightful piece by Gartner on the importance of an outcome-based strategy to maximise ROI in legal technology. The article emphasises the need for law firms to shift their focus from mere technology acquisition to strategic implementation, ensuring that the technology is utilised to its full potential to bring about desired outcomes. The key takeaway? It's not just about having the latest tech, but about how you use it. This is where IDS Legal Technology Services truly shines. Our expertise in system integration and product implementation ensures that your firm's tech investments are not only well-integrated but also optimised for maximum efficiency and productivity. At IDS, we're proud to be part of the evolving legaltech ecosystem, working hand-in-hand with technology vendors to shape a more efficient and effective future for the legal industry. #LegalTech #ROI #OutcomeBasedStrategy #IDS #SystemIntegration #ProductImplementation

Meet the sponsors! The magic of Future Lawyer USA is brought to you by leading #legaltech figureheads. Get ready to network, learn, and be inspired by these industry trailblazers: 🚀 Pre/Dicta offers litigators #AI tools to win more business, retain clients, build better strategies, and manage resources effectively. Their approach analyzes the unique aspects of each case to forecast litigation timelines and provide accurate predictions for motions, including class-action certifications. 💡 Summize brings the business closer together by connecting the digital data threads across all your contract processes. This unique approach removes friction and frustration for the business, with huge time and efficiency gains for legal. They call it the Decentralized #CLM. 🦾 Achieve more at your firm by taking advantage of Avalon's highly-specialized #legaltech services. Their #eDiscovery professionals, who are dedicated to your needs and goals, use superior technology and tried-and-true processes to reveal the data you require. 🔍 SpotDraft offers a comprehensive solution for in-house legal teams, streamlining the contract management process and enhancing efficiency. With contract templatization, creating contracts becomes quick and straightforward, while a centralised repository extracts key pointers upon upload, ensuring easy access to essential information. Take advantage of this star-studded line up at #FLUSA! Engage directly with the future of #lawtech: https://lnkd.in/e3q5Bcip #FutureLawyerUSA #LegalInnovation #LegalTech #LawTechConference #LegalDisruption #LegalTechSolutions

🌟Implementing LegalTech isn't without its challenges! Professional resistance, inadequate planning, IP and data issues, and funding can all stand in the way. But with the right strategies, these barriers can be overcome. By fostering a culture of innovation, investing in comprehensive training, and ensuring meticulous planning, law firms can navigate these obstacles and fully harness the transformative potential of technology. 🔍 Ready to dive deeper? Discover how to overcome these challenges and successfully implement LegalTech in your practice. 👉 Read the full article here: https://lnkd.in/eys2WirU #LegalTech #Innovation #LawFirm #Technology #LegalIndustry #Automation #FutureOfLaw

66% of legal leaders plan to boost their legal tech investments. It's not just about cost-saving and automation, but maximizing staff value. Learn how to invest in legal technology solutions, including GenAI, to increase productivity and efficiency: https://gtnr.it/3VulNSi Gartner for Legal, Risk & Compliance | #GartnerLegal #GenerativeAI #Technology #Investments