Remove 2023 Remove Document management Remove Electronic discovery
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The Future of Legal Tech: How Technology Is Transforming the Business of Law

MatterSuite

E-discovery solutions , a significant part of legal tech, were estimated to be a multi-billion-dollar industry. The global e-discovery market size was projected to reach $17.32 billion by 2023, growing at a compound annual growth rate (CAGR) of around 10% from 2018.

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The Future of Legal Technology

Lawmatics

However, Bloomberg Law’s Spring 2023 Law School Preparedness Survey , which included 936 practicing attorneys, revealed some interesting insights. Time management, professional writing, client communications, and interactions, as well as issue spotting and analysis, are highly valued skills for new attorneys.

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Top Tech Tools for Lawyers in 2024

Clio

As such, more and more lawyers are interested in adopting AI tools to help their practices run more efficiently, with 19% of lawyers already using AI (in some form) in their practices and 32% of lawyers agreeing that AI can help reduce workloads, according to the 2023 Legal Trends Report.

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