Why Are Law Firms Adopting Technology Based Practices

Facebook Share Twitter Share LinkedIn Share Pinterest Share Reddit Share E-Mail Share

Estimated Reading Time: 4 mins

Preview

Posted in: Law CommonsShow details

But before you jump to the conclusion that law firms are technological savants, remember that such technology has been around a very long time; 70% feels like a low number. Read Stephen’s views on the barriers to tech adoption in BigLaw – he knows a thing or two about this as the leader of Seyfarth Shaw for many years.

Estimated Reading Time: 6 mins

Preview

Posted in: Law CommonsShow details

Among the 187 law schools that report tuition and fees data to U.S. News & World Report, the average for annual tuition and fees during the 2018-2019 academic year was $48,869 at private law

Estimated Reading Time: 9 mins

Preview

Posted in: Law CommonsShow details

Technology solutions designed specifically for law firms can make them more effective and efficient in a multitude of ways. By adopting tools and processes that fit their unique needs, firms can work smarter, faster and more accurately, leading to …

Estimated Reading Time: 7 mins

Preview

Posted in: Law CommonsShow details

Here are some of the areas where technology has already demonstrated how it can make the practice of law better: Legal Research – Artificial Intelligence (AI) is revolutionizing traditional legal research. By uploading a single brief or pleading into a database, law firms are able to find and access cases, summaries, and legal analysis.

Estimated Reading Time: 6 mins

Preview

Posted in: Sea LawShow details

64% of large law firms and 43% of midsize law firms are using technology tools in place of a human resources department. One of the goals: reducing the spend on departments that don’t generate revenue. 91% of large firms and 72% of midsize firms use profitability data to evaluate partner performance. Related to this: 64% of large firms and 42

Preview

Posted in: Form LawShow details

1. In late 2020, a Florida jury experienced a trial conducted virtually viaZoom. They returned a verdict awarding the plaintiff $411 million, the largest compensatory reward to date. It is clear that virtual proceedingsdo not negatively impact juries’ ability to understand evidence and make decisions accordingly. Such proceedings have also aided courts in working through their hefty, pandemic-induced backlog of cases. Courts have never been known as speedy but wait times became unbearable for many parties over the past 18 months. Switching to virtual platforms has therefore been a big help in tackling these scheduling delays. Of course, virtual hearings are not without obstacle. Judges, juries, attorneys, and other court staff have been diligently working out the kinks as they go. They experience how things that work well in-person may not hold up quite as well online. For instance, jurors may have a harder time observing witness’ nonverbal cues, making credibility determinations a bit

Preview

Posted in: Form LawShow details

With the help of recent advances in technology, nearly every aspect of legal work is being impacted. Law firms that stubbornly oppose updating their practices risk trailing behind the modern lawyer’s footsteps. Implementing legal tech applications into your firm’s process can quickly help modernize your practice while improving efficiency.

Preview

Posted in: Form LawShow details

How technology will shape the legal profession over the next decade. Tara Waters, partner and head of Ashurst Advance Digital, discusses how law firms are embracing tech and what it means for

Preview

Posted in: Law CommonsShow details

Modern law firms and legal departments continually look for new ways to increase their efficiency and drive productivity. Nevertheless, less than 30% of law firms have an employee tasked to drive innovation technology, and the same is likely true of corporate legal departments. Those firms and companies that do have dedicated technology specialists tend …

Preview

Posted in: Corporate LawShow details

We all know that today’s technology is invaluable, and with time, it will become even more so. This is true for all types of businesses, even law firms. The legal profession used to lag behind others in the adoption of new technology. Lawyers typically relied on “medieval” resources such as law books and paper documents.

Preview

Posted in: Document Law, Business LawShow details

For Law Firms, Technology Replaces Real Estate. An industry once famous for its hesitation to adopt technology has been forced to transform how it uses it overnight, as hearings and trials take

Preview

Posted in: Form Law, Estate LawShow details

Even for law firms that are ahead of the curve when it comes to technology adoption, the challenge that every organization will have …

Preview

Posted in: Law CommonsShow details

Legal technologies, such as ROSS and Kira Systems, equip professionals to deliver legal services more effectively, more efficiently and at a more competitive price. As the use of technology to help perform legal tasks begins to surge, investments in legal technology among law firms and in-house legal departments are expected to grow.

Preview

Posted in: Form Law, Services LawShow details

Technology makes lawyers’ jobs easier and improves the accessibility and quality of legal services while reducing costs. Here are 5 ways technology is transforming the law: 1) Streamlining Lawyer/Client Communications. The 2017 Law Firm Flexibility Benchmarking Surveyfound that 64.7% of law firms allow their lawyers to telecommute. Setting up

Preview

Posted in: Form Law, Services LawShow details

Law firms are leveraging technology to stay competitive and secure in the modern market, but many still express reluctance to adopt cloud technologies. Law firmstechnology adoption is fueled by survival—in an ever-competitive marketplace and an increasingly dangerous digital landscape, efficiency, cost-savings and data security can make or break a practice. Recent …

Preview

Posted in: Law CommonsShow details

Law firms—with a few exceptions-- have been slow to integrate technology and process into their delivery model, and this has contributed to in-house and law company growth. It has also elevated

Preview

Posted in: Labor LawShow details

Please leave your comments here:

Related Topics

New Popular Law

Frequently Asked Questions

Should law firms embrace technology to deliver legal services?

Law’s awkward embrace of technology is not confined to law firms; it is equally evident among most corporate legal departments. Both are managed by lawyers that spent the bulk of their practice years with technology relegated to internal administrative functions like time and billing, not as a key element in delivering legal services.

How does lawlaw technology impact the legal field?

Law technology has impacted every aspect of the legal field, from the law firm and corporate practice to courtroom operation and document management. In law firms, electronic billing (“e-billing”) is gradually replacing traditional paper invoices.

Do law firms need legal software solutions?

For decades, law firms have relied on conventional methods to do business. But now, as technology paves the way into the legal industry, law firms have started using legal software solutions. However, new technology adoption can seem daunting, especially for new firms never used digital solutions before.

Why are law firms investing in legal tech?

This rise is congruent with the increased adoption of legal technology across the globe. Law firms of all sizes and specialties invest in legal tech to meet client expectations and get an edge in the market. Large law firms should amp up their legal tech spending and invest in on-premise law practice management software.

Most Popular Search