Innovation In Law Firms: No Longer An Exception But A Rule!
Technological innovation is shaking up virtually every industry globally and the legal industry is no exception!
The massive growth and adoption of ‘Legal Tech’ – where investment hit a record $1 billion in 2018! – indicates that lawyers and law firms want to use innovative technology like :-
- Case management software such as eDiscovery
- AI-based solutions
- Workflow automation and document streamlining solutions
- Live video-streaming
In order to:
- Work faster, smarter and from anywhere
- Improve their client engagement and servicing methods
- Automate business processes
- Eliminate system bottlenecks
- Reduce costs
- And ultimately improve accuracy, productivity and operational efficiency
The growth of Legal Tech is changing the industry but also clients’ expectations. Consequently, legal professionals need to embrace these new realities and develop their skillset accordingly. They must now understand that digital innovation in their industry is no longer a nice-to-have but a need-to-have. Only then will law firms be able to differentiate themselves from the competition and develop a reputation as ‘thought leaders’.
For this post, we would like to thank Nuance and their article Impact of innovation within law firms, published here on 30th April 2019….
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