Tech in law firms: trends and challenges
<p>Law firms have long been slow in responding to technology-driven changes because of their risk-averse nature. But it seems that things start moving as we see an increase in LegalTech investments.</p>
<p>The proof comes from <a href="https://www.gartner.com/smarterwithgartner/5-legal-technology-trends-changing-in-house-legal-departments" rel="noopener ugc nofollow" target="_blank">Gartner</a>. In their recent research, Gartner predicts that the proportion of legal budgets spent on technology is set to increase threefold by 2025.</p>
<p>Some attribute this to the pressures created by the COVID-19 pandemic that forced law firms to automate part of their daily activities — e.g. document management and team collaboration. It did have a major impact on the fast adoption of legal technology. But ‘fast’ doesn’t mean effective.</p>
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