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Also: using tools to budget and track them; tech to track compliance and flag potential issues. Create the conditions for innovation, based on research and analytic process. That has to be paired with rigorous business analytics. The Microsoft Law Department has been on a digital transformation for years.
Data analytics. Legal data analytics allows firms to use data to identify bottlenecks, make smarter decisions, and scale the practice from the inside out. billion by 2030, according to a recent Grand View Research report. Marketing automation. How Big is the Legal Tech Industry? billion in 2022 and is estimated to reach $45.73
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