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The Legal Software Shift: Recent Report Highlights Efficiency and Flexibility Gains

Legal Tech Monitor

My past Daily Record articles can be accessed here. ** The Legal Software Shift: Recent Report Highlights Efficiency and Flexibility Gains Technology is advancing at a rapid clip, and keeping up isn’t easy, especially when you’ve got a busy caseload to manage. Here is a recent Daily Record column.

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Is Legal Tech a Growing Industry?

Lawmatics

The use of tech in law firms has increased from advances in AI-powered solutions to the proliferation of practice-specific tools like contract lifecycle management tools or practice management software to operational tools like CRMs and billing software. The legal tech industry is a powerhouse , valued at around $23.45

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Legal tech and innovation: 3 ways AI supports the evolution of legal ops

Simple Legal

Gartner predicted that spending on legal software 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.

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Why is Legal Tech Growing?

Lawmatics

The rapid evolution of technology has sparked a transformation in the legal industry. To remain competitive, today’s lawyers must adopt legal software to manage the growing complexity of legal matters, meet client demands. How big is the legal tech industry? billion and is expected to grow at an annual rate of 9.1

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What Are the New Technologies in the Legal Field?

Lawmatics

Advances in legal software are rapidly transforming the future of legal technologies. Reducing administrative workflows has been a major priority for law firms in the last few years, but there is still an opportunity to review billing processes. What Is the Most Used Legal Technology?