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It is as if we are serving time in a legal tech limbo. Whereas 2020 ended with a newfound sense of the possible, 2021 ends with us still not knowing what is ahead, and therefore which way to turn. After all, it was a good year for the legal tech industry. But in 2021, progress felt slower, as if we were mired in malaise.
For example, Attorney at Work’s Top 20 Articles of 2021 captures the zeitgeist of what’s on the minds of small law firms. Yesterday at TechnoLawyer, we published our annual awards, aptly titled TechnoLawyer Top 10 Products of 2021. This may explain why DocMoto from CHL Software won a TechnoLawyer Top Product Award.
The COVID-19 pandemic may have dampened global trade in 2020; however, the World Trade Organization forecast a strong growth recovery in 2021 continuing into 2022. Multilingual E-Discovery . These are digital documents, emails, databases, spreadsheets, presentations, multimedia files, voicemails, chat transcripts and online content.
It is as if we are serving time in a legal tech limbo. Whereas 2020 ended with a newfound sense of the possible, 2021 ends with us still not knowing what is ahead, and therefore which way to turn. After all, it was a good year for the legal tech industry. But in 2021, progress felt slower, as if we were mired in malaise.
In 2020 and 2021, your firm may have had to make quite a lot of changes quickly to meet the new remote normal. Are you still using a file server and having people access it with a VPN? Upgrade to Microsoft 365 to get a cloud-based file server, plus updated versions of the Office suite. How about your phone system?
Gartner predicted that spending on legalsoftware would triple from 2021 to 2025, and venture capital investments in these tools reached a new high of over $1 billion in 2022. Legal tech is no longer seen as a nice to have, but a must have.
But having reached Halloween 2021, lawyers need to know how to use the tools of their trade, including tools they had never heard of in 2019. A past ABA TECHSHOW chair, h e blogs at J im Calloway’s Law Practice Tips and co-produces the podcast The Digital Edge: Lawyers and Technology. Most conferencing challenges are not that scary.
As the world continues to undergo rapid technological advancements, the legal industry has not been left behind (although some lawyers may wish it was). With emerging new technologies like artificial intelligence (AI) and machine learning, many people have started considering what legalsoftware might mean for the legal profession’s future.
While the range of AI tools for lawyers is rapidly growing, the most popular and highly anticipated AI options can boost law firm efficiency and improve productivity by automating many of the routine and repetitive—though necessary—tasks that would otherwise drain the time of lawyers and legal professionals.
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