Law Firms' M&A Technology Spending Likely to Rise, As AI Becomes More Vital
Though M&A deal volume is dropping, investment in M&A technology is growing, according to Litera's "Technology in M&A Report: AI, Tech Adoption, and Talent Management in the US and Canada."
August 03, 2023 at 09:00 AM
4 minute read
While artificial intelligence may be a newer addition to some tech stacks, for M&A lawyers, the technology is more familiar—having been integrated into their tools for nearly a decade now.
However, the growth in AI integrations across all legal tech has further propelled AI reliance in the M&A sector, according to Litera's "Technology in M&A Report: AI, Tech Adoption, and Talent Management in the US and Canada."
Not only are attorneys placing more importance on AI-based legal tech, but they are also viewing M&A technology as an integral part of their practice, and devoting higher budgets to tech adoption.
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