Legal Tech Blog
APRIL 30, 2024
The global legal technology market has grown significantly in recent years and generative AI (GenAI) will accelerate this growth, meaning the market will reach $50 billion in value by 2027, according to Gartner, Inc.
Artificial Lawyer
APRIL 26, 2024
that will be in every legal tech company’s pitch deck to VCs from now on… ! Here is a statistic (wild guess…?) Technology market analysts Gartner.
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Legal Tech Monitor
AUGUST 22, 2023
Statistical studies suggest legal tech will grow at a CAGR of four percent through 2027 and reach a market cap of $35 billion. Conversations about legal tech investment and adoption [.] The post What Is the True ROI of Your Legal Tech Investment? appeared first on Exigent group.
Legal Tech Monitor
NOVEMBER 9, 2023
Established in 2020 and set to run until 2027, this unique program allows new legal service models to be tested and evaluated. Overseen by the Office of Legal Services Innovation , a division of the Utah Supreme Court, the sandbox represents a significant shift in exploring legal business models and services.
Legal Tech Monitor
JULY 3, 2023
The data analytics market is projected to surpass $105 billion by 2027 as businesses continue to understand its potential to improve efficiency and productivity. Your company is likely involved in [.] The post The Ins and Outs of a Data Processing Agreement (DPA) appeared first on Exigent.
Martindale-Avvo
MAY 15, 2024
How Technology is Making Hybrid Legal Work More Effective Legal technology has helped to bridge the gap between in-office and remote work for lawyers. In 2021, the legal tech industry generated roughly $27.6 billion in revenue globally, and the market is expected to expand by over 4% annually through 2027.
CaseFox
FEBRUARY 28, 2023
In 2021, the legal tech market generated revenues of $27.6 billion USD worldwide, with the market forecast to grow at a CAGR of over 4% by 2027. In recent years, law firms turned to private legal cloud technology for enhanced safety and security. In that year, revenues are set to reach 35.6 billion USD.
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