Legal professionals are more and more positioning themselves to survive the variances of the economy. Thus, several distinct trends have emerged in the legal industry, most of which help law firms and organizations become more efficient, productive and competitive in a global market. Some others have evolved because of changing demographics, attitudes and work styles.
Nevertheless, legal professionals have become more mobile and more tech-savvy and changes in trends seem to be coming more rapidly than ever before. Law firms and corporate legal departments across the world have been forced to change as well. Where once they could get by with very little investment in the latest legal technology, they are now choosing and implementing the right software applications as a top priority. The only challenge is determining which innovations to bet on.
Per a recent survey by Deloitte on the use of Technology within the legal industry yielded the following results: “The majority of participants said that technology had not replaced the tasks of in-house lawyers (77%) – yet. But over half (52%) said that this will happen over the next five years. Purchasers want better and more relevant technologies, to be used and shared on integrated platforms.”
OperationIT’s dedicated Legal service line consists of Technology professionals adept at utilizing emerging technologies such as advanced analytics and artificial intelligence, and have experience leveraging them within the legal industry today with an eye on the future. Some of the areas they have been deeply involved in include: