Digital Transformation in the Legal Sector

It's true that the legal sector hasn't been as quick to adopt digital solutions as other sectors, such as finance. But, by all accounts, digital transformation in law is now well underway. According to Forbes, investments in legal technology businesses reached $1bn in 2018, an increase of 713% compared to 2017.

Top law firms are now using technology to improve both internal processes and the service they offer to their clients. From automation to artificial intelligence, leading law firms are now using software to modernize a largely traditional profession.

The increased investment in legal technology is taking many forms. A different approach is needed by law firms, and we're seeing this with many leading law firms employing digital specialists to work alongside law professionals. Similarly, we've seen the introduction of the 'innovation hour', which affords law professionals the time to innovate, something the traditional billable hour model fails to do.

Though a little late to the party, the legal sector is now moving towards cloud-based computing, and reaping the benefits of improved security, collaboration, and accessibility.

The legal sector is even dipping its toes into the world of artificial intelligence (AI). AI tool, ROSS, has been assisting law firms with otherwise time-consuming research for the past few years. But perhaps a more common way that law firms are utilizing technology is through automation, as we'll see below.

Law professionals are highly skilled, their time is expensive. By automating processes, law professionals can focus on providing the best possible service to clients, instead of spending hours on simple, repetitive tasks.

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