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Legal tech has skyrocketed, transforming how we handle research and contract management. From AI-driven tools to contract lifecycle platforms, the legal industry has embraced innovation. Many Companies are streamlining legal processes globally. Yet, amid all these advancements, litigation remains largely untouched. Why? Litigation is unpredictable, complex, and bound by jurisdictional intricacies that tech hasn’t fully cracked yet. But the potential is MASSIVE. Imagine AI-powered case summaries, predictive outcomes, and virtual courtrooms becoming the norm! Litigators deserve the same tech-driven relief from endless paperwork, and as the legal tech industry evolves, the future could see courtroom management transformed just like research and contracts have been. Are we ready for the next wave of innovation in litigation? #LegalTech #LitigationTech #Innovation #AI #ContractManagement #LegalResearch

We don't hear so much about the #legaltech used in mid-law, perhaps because it's a part of the market that is not only vast but also disparate - with boutique firms, local regional firms, and smaller full-service firms, the variety is significant. It was interesting to partner with Meritas Law Firms Worldwide recently to support their 2024 annual Tech Survey, which examined the mid-sized market globally for the kinds of technology they invest in, how they prioritize their investments, and what they think about #GenAI. Key takeaways: ⚡ Overall investment in technology is increasing  ⚡ Top priorities for investing in legaltech include risk and compliance (67 percent of survey participants), generative A.I. (57 percent), and document automation systems and technologies (more than 50 percent) ⚡ Almost 80% of mid-sized firms expect to leverage GenAI in the next five years ⚡ Mid-sized firms are more likely to utilize additional features in existing systems (such as the Microsoft suite) to gain efficiencies rather than buy new point solutions. Summary of the report is available here: https://lnkd.in/esmdx7PY #legal #lawfirms

Legal technology is crucial for mid-sized law firms, enabling them to enhance efficiency, reduce costs, and improve client service through workflow automation and data management. It's essential for adapting to the digital age.

Can #LegalAI help smaller law firms level the playing field when competing with their larger peers? Learn about the current state of affairs in this recent survey. #iManage #LawFirms #LegalTech #LegalInnovation #LegalSurvey #LegalDesign #CloudDMS #LegalCloud

Mark your calendars! With legal tech opportunities blooming in a third of states, we're eyeing 2028-2029 for a potential wave of industry transformation. 📆💼 Stay tuned as AI integration may accelerate this timeline, reshaping how lawyers operate and sparking discussions on private capital involvement. #LegalInnovation #AIinLaw #IndustryTransformation

🚀 Major shifts in the legal industry are underway, as law firms move from traditional billable hours to alternative fee arrangements, thanks to AI and legal tech innovations! This evolution promises enhanced efficiency, cost savings, and greater value for clients. Are we witnessing the end of the billable hour as we know it? Read our latest Blogpost here: https://lnkd.in/dhDQbvkS #LegalTech #Innovation #AILaw #FutureOfLaw 🤖💼

🚨 Legal Tech Market Set to Soar to $50bn by 2027! 🚨 The legal tech market is predicted to hit $50 billion by 2027, driven by the generative AI revolution, according to Gartner. But is this realistic? Legaltech News explores the projections. 📈🤖 Key Insights: - Current Market Size: Estimated at $22 billion - Growth Drivers: Increased spending by Big Law, small and medium-sized firms, and in-house legal departments - In-House Adoption: Technology enabling in-house counsel to handle larger volumes of work, such as due diligence on 10,000 documents instead of 1,000 Experts believe that while the $50bn target is feasible, the timeline might be ambitious. The shift towards tech adoption across all firm sizes will be crucial. What are your thoughts on this forecast? Let’s discuss! #LegalTech #AIRevolution #MarketGrowth #LegalIndustry #Networking

Are smaller law firms more captivated by AI's rapid ascent in legal or more concerned? And what do they hope to gain from this new and evolving technology? Find out what they shared with Above the Law in our latest survey: https://lnkd.in/eAn__D-E #iManage #LawFirms #SmallLaw #LegalTech #LegalAI #LegalCloud #LegalSurvey

Check out the results of our recent survey with Above the Law, where we explored how AI is expected to shape the future of smaller law firms. The insights are eye-opening! #LegalTech #iManageAI #DMS #Legalinnovation #AI #Lawfirms #InHouseLegal #LegalAI

Just got interviewed by Steven Lerner for a Law360 article on how small law firms are preparing to embrace AI. As someone who runs a law firm with under 25 team members, I can attest to the challenges in finding the right tech solutions. It's not easy to find products that cater to small firms and niche practice areas, and we've had to sift through a lot of vendors to find the few that offer potentially useful products. Check out the article here to learn more: https://lnkd.in/e-HpaMQZ #AIinLaw #SmallLawFirms #LegalTech #LawFirmManagement