Credit: radoma/Adobe Stock Open and Shut Case: Key Trends Driving Growth in the Legal Technology Sector
A handful of key trends are causing a revolutionary catalyst for growth in the legal tech sector.
October 05, 2023 at 09:05 AM
5 minute read
The legal industry has long been slow to adopt technology due to a myriad of issues, including misalignment created by the billable hour, concerns around security and data privacy, a focus on cost versus value, a lack of technology training, and a fear of job loss. According to the 2022 American Bar Association Legal Technology Survey Report, only 63% of all law firms have practice management software, with usage among small law firms dropping from 61% of respondents to 46% since 2019.
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