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Clients Are Spending More on Legal Tech: Can Smaller Firms Keep Up?

Attorney at Work

the percentage of in-house legal budgets spent on technology is expected to increase threefold by 2025 from 2020 levels as legal departments “increase spending on technology to reduce the dependency on outside counsel, address COVID-19, and satisfy a long-overdue need to modernize, digitize and automate legal work.”.

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Advantages of Private Cloud Technology for Law Firms’

CaseFox

Also, private clouds offer virtual meeting spaces and video conferencing tools, allowing team members to communicate and collaborate in real time, even when working remotely. As per Gartner’s report, by 2025, large organizations will require relationships with more than four legal technology vendors.

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Weathering Economic Uncertainty: How the Legal Industry Adapted—And What Comes Next

Clio

Reflecting on the role of technology in times of uncertainty While pandemic-related pivots like remote work and virtual meetings were initially necessary for law firm operations, they quickly evolved into a competitive advantage. Over time, technology didnt just help firms stay afloat; it actually positioned them to thrive.