Tech Can Help Legal Through a Recession—If They Can Afford It
While some firms and legal departments are well positioned to tap into the full cost-savings potential technology can bring, others may find it a bridge too far during a recession.
December 15, 2022 at 04:20 PM
7 minute read
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|The Shift: Tech Can Help Legal Through a Recession—If They Can Afford It
If a recession is still in the cards next year, law firms and legal departments have had ample time to prepare. In addition to trimming costs, many are also looking to become more efficient by leveraging additional legal technology and automation.
But the extent to which they can rely on technology to help them through a recession will depend largely on how broad their own cost-cutting measures will be, especially in the face of inflationary pressures. In addition, a lot depends on how a downturn will impact the legal tech market offerings.
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