Technology is trending across all the business industries, and the world of law is no different. The legal industry used to lag behind in the adoption of new technologies, but lawyers now have access to clever tech tools which help them to streamline their law firm business processes, making their jobs easier and more efficient.
Growing Importance of Legal Technology With its numerous benefits, technologies like artificial intelligence and analytics have got hold of the legal industry and have become imperative for law office management. What is the latest? Smart technologies like artificial intelligence and cloud computing are adopted by lawyers these days and are proving to be the future of the legal industry. Advanced technology, hence, is the latest in the market. What kinds of technology do lawyers use? Cloud computing, artificial intelligence, database management systems, research tools, accounting software, etc., are the technological trends that are ruling the legal industry. These technologies have helped them to simplify their work and gain efficiency. What changes will it bring in the next 10 years? The Deloitte Insight report predicts that there will be profound reforms across the legal sector in the next 10 years. Reports say that 39% of the jobs in the legal industry will be automated as technology gets its hold. How will this affect the profession? Widespread automation will result in the loss of some low-skilled jobs such as legal secretaries. However, to manage and develop new technologies, high-skilled roles have been created. Will technology put most lawyers out of business? The reports show that growing technology has resulted in the loss of more than 31,000 jobs in the legal sector. However, there has been an overall increase of approximately 80,000, most of which are high-skilled and better paid. Benefits of using legal technology
Technological advancement has numerous benefits for the legal industry and has also implied a need for not just technically competent lawyers but, the ones having a broader skillset.
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