Legal Technology Trends that Will Dominate in 2019! - PowerPoint PPT Presentation

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Legal Technology Trends that Will Dominate in 2019!

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Law firms and attorneys across the globe use software and technology to give legal services to their clients. In this presentation, I am highlighting the top 5 digital transformation technologies which help attorneys to save their time in legal research, document review and other legal tasks. – PowerPoint PPT presentation

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Title: Legal Technology Trends that Will Dominate in 2019!


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
TECHCRUNCH
  • said in December 2014 - "Legal technology is
    booming, with companies attempting to disrupt
    the legal space at every level and from every
    angle."

FORBES
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 organizations 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.
  • Thats the reason law firms hire a chief
    information security officer to maintain an
    enterprise security program.

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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
According to Standard Law Schools 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 lawyers
    thoughts, analysis, solitude, and creativity are
    the subject of his engrossing digital life.

Legal Technology Continually Grows and Drives
Change
Now, law firms have a legal technology
development team in-house that combines legal
project management, data analytics, and IT skills.
15
Legal technology saves time and increases
revenue.
Customer satisfaction is the priority of lawyers,
and legal technology can make this task easier.
The Benefits of Legal Technology
Technology provides a legal research
platform 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.
16
About Legal Support World
Legal Support World is one of the best legal
process outsourcing 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 Legal Support World is here
to assist you!
17
ADDRESS
112648, Agave Bay Street, Victorville, CA 92392
PHONE 1 646 688 2821
GET IN TOUCH WITH US
EMAIL info_at_legalsupportworld.com
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