10 Aug THE FUTURE OF LAW, ACCORDING TO TODAY’S BEST LEGAL TECHNOLOGY SPEAKERS
Talking with today’s best legal technology speakers, one gets the sense of where the future of law is heading – and why technology is so important to it. For instance…
- Increases efficiency – According to the best legal technology speakers, high-tech tools like document automation, practice management software, eDiscovery, etc. can significantly reduce the time lawyers spend on administrative tasks. The practice enables them to take on more clients and focus on higher-value legal work.
- Reduces costs – By streamlining legal workflows and leveraging automation, tech tools can reduce the amount of billable hours required for certain legal tasks. Per the best legal technology speakers, it makes legal services more affordable.
- Enables access – Online legal services and legal tech innovations that reduce costs also expand access to legal help for lower-income populations. Usage promotes equality before the law.
- Improves compliance – Tools like contract management software, data security solutions, and eDiscovery improve law firms’ ability to comply with regulations and rules which, according to the best legal technology speakers, reduces risk.
- Enhances accuracy – AI tools for reviewing contracts and documents can reduce human error and overlook fewer details compared to manual review which improves accuracy.
- Provides insights – Analytics applied to legal data can reveal important trends and patterns to inform legal strategy and provide guidance on likely outcomes which facilitates decision-making.
- Drives innovation – Emerging technologies like smart contracts, predictive analytics, and online dispute resolution can, per many of the best legal technology speakers, transform legal workflows and create new possibilities for legal services.
- Levels the playing field – Legal tech can help smaller firms compete with large firms by providing access to sophisticated tools and solutions at lower costs.
- Meets client expectations – Clients today expect fast, convenient and mobile-friendly legal services and technology enables this. Adopting legal tech can thus meet client needs.
From the best legal technology speakers’ standpoing, embracing technology allows law firms and lawyers to deliver better quality services more efficiently and gives clients better access to legal expertise – critical for upholding justice.