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What Is the Biggest Challenge Facing Law Firms Today?

CARET Legal

On one hand, it’s a measure of a lawyer’s productivity and a key revenue driver for law firms. Billable Hours Recap report in CARET Legal Exhausting Case Work Consider, for instance, a lawyer handling a complex litigation case. Schedule a free demo of CARET Legal today!

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The Essential Role of Paralegals: A Comprehensive Overview

Paralegal-Edu.Org

In the intricate scene of the legal sphere, attorneys are the ones who mostly grab all the attention due to famous trials and their outcomes, TV shows, movies, and let’s face it, their income. Yet, behind every successful attorney stands a diligent and indispensable ally: the paralegal.

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Will AI Replace Lawyers? 4 Expert Opinions

MyCase

AI is changing how legal professionals operate, and there’s good reason to leverage its potential. Join us as we explore how AI impacts the legal landscape today, its limitations, and what you can do to thrive in an AI-powered future. What Is the Role of AI in Law Today? Can AI Replace Lawyers? Areas AI Can Enhance 1.

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Alternative Legal Service Providers – An ally to embrace

Cenza

In a report on Alternative Legal Service Providers by Thomson Reuters published in 2019, the market value was estimated to be $10.7 The study has also unearthed the fact that ALSPs’ services are leveraged by 79% of law firms and 71% of corporate entities to achieve better efficiency and reduce costs. billion as of 2017.

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How to Write an End of Representation Letter to a Client

CARET Legal

The way you communicate the end of your legal services can reflect on your professionalism and can impact your relationship with the client. Essential Components The process of crafting an end of representation letter should be undertaken with due diligence. After this period, the documents will be securely destroyed.

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The Impact of AI for Lawyers: Benefits and Challenges

MyCase

How does AI fit into the stringent, compliance-driven world of law? Below we’ll explore how legal AI software can be a game-changer in your practice and reveal the myriad of benefits it can bring. Plus, we’ll guide you through the best legal AI tools that are transforming law firms into powerhouses of efficiency and innovation.

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The top players in the AI-powered contract management space

Cenza

Akorda offers legal review and contract management software. It allows law firms to manage legal contracts, manage workflow process and contracts. It uses AI-technologies to review the legal cases, manage contract life cycle and agreements. Blackboiler.