Industry insiders predict a big year ahead for legal technology. Coming as a potential harbinger for the months to come is today’s announcement that Xerox’s legal and business services arm has split from the company to form Conduent Incorporated. The new company will be publicly traded, with its annual revenue at $6.7 billion.
Fashioning itself as “the world’s largest pure-play business process services leader,” Conduent will be tackling the services offerings previously handled by the combined corporation, while Xerox will now focus on delivery of hardware. As with the combined Xerox previously, legal services will constitute a considerable portion of Conduent’s business, and representatives from the company said there will be increased focus in services for compliance, e-discovery and legal support, as well as a heavier reliance on nascent technologies, like data analytics and machine learning.
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