Legal Technology Trends that Will Dominate in 2019!

Legal departments and lawyers are adopting technology to reduce the daily work pressure in the workplace. Which technology is most suitable for their law firms? Here in this presentation lawyers can check the top 5 technology trend that should be utilized in 2019-2020. http://bit.ly/2Zmljm0

Transcript

1. LEGAL TECHNOLOGY TRENDS THAT WILL DOMINATE IN 2019! Presented by Legal Support World!
2. Law firms and lawyers across the world use software and technology to provide legal services.. The technology applications help law firms in practice management, storage of document, accounting, billing, legal research, and e-discovery.
3. FORBES TECHCRUNCH said in December 2014 - "Legal technology is booming, with companies attempting to disrupt the legal space at every level and from every angle." said in February 2015 - “Hundreds of legal startups are popping up all over the US and Europe.”
4. Top 5 Digital Transformation Trends in the Legal Industry 2019
5. Machine Learning Legal research is a time-consuming task as compared to others. But with machine learning technology, lawyers can find case-relevant information in a short time.
6. Robot Lawyers It is a type of legal application that can perform tasks, which are typically done by paralegals at law firms.
7. Mobility Nowadays, 90% of lawyers use smartphones. They can attend conferences at any location via video calls and save travel time. They can also track billable hours easily.
8. Innovation The survey depicts that 84% of law firms are expected to work with artificial intelligence, and 49% of law firms revealed that their firms have already started working with artificial intelligence.
9. Cloud Adoption Traditionally, law firms save all the data on the organization’s servers. However, with cloud technology, they can store client data, financial records, legal documents, and other information on the Internet and can access that data anywhere, anytime.
10. According to the last year survey, 77% of firms constituting of 700 or more attorneys already adopted this technology in 2018 and it has proved to be a beneficial factor for the overall growth of law firms.
11. Trends that Drive Change in the Legal Sector
12. Cybersecurity Threat Data breaches in law firms are enforcing clients to think about data security. Law firms hold a large amount of sensitive business and client data. The prime concern of law firms is to protect this data from cyber attacks. That’s the reason law firms hire a chief information security officer to maintain an enterprise security program.
13. Implementation of Innovative Ideas as a Strategic Theme Law firms aim to add ‘innovation’ as a major element in their business strategy. They are hiring specialized people who are aware of and have knowledge about technology. People who are certified in the latest technology such as AI, machine learning, robotics, etc. are skillful enough and make innovative strategies for law firms.
14. Legal Technology Continually Grows and Drives Change According to Standard Law School’s LegalTech Index, nearly 750 companies across the globe in 2017 developed and sold technology for the legal market and created a tough competition in the legal tech sector. Everything is changing rapidly today. A lawyer’s thoughts, analysis, solitude, and creativity are the subject of his engrossing digital life. Now, law firms have a legal technology development team in-house that combines legal project management, data analytics, and IT skills.
15. The Benefits of Legal Technology Legal technology saves time and increases revenue. Customer satisfaction is the priority of lawyers, and legal technology can make this task easier. Technology provides a enabling lawyers to find relevant information in less time. Nowadays, electronic court filing is mandatory. Legal technology allows lawyers and law firms to file documents in an effortless manner. legal research platform
16. Legal Support World is one of the best companies that provide world-class back-office solutions to law firms and attorneys concerning their legal task requirements. We use and work with top legal software such as Clio, LexisNexis, Elite Prolaw, Leap to deliver better and fast results. If you want to stay ahead in 2019, then get in touch with us. Our team at is here to assist you! About Legal Support World legal process outsourcing Legal Support World
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