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Top Technology Trends for Transactional Lawyers

LawTechnologyToday

Tremendous opportunities exist for transactional practitioners to leverage technology to optimize outcomes. Each trend has its roots in the now well-established field of litigation-support technology. Creating a robust document repository also allows for the reuse of client documents and attorney work product.

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Alternative Legal Service Provider and Cenza – A quick recap of the journey

Cenza

It took years to shape into a formal industry and to be christened Alternative Legal Service Providers. This fact was further reiterated by Thomson Reuters’ Alternative Legal Service Providers 2021 Report, which unveiled that nearly 79% of law firms and over 71% of corporate law departments are leveraging the services of ALSPs.

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Will AI Replace Lawyers? 4 Expert Opinions

MyCase

For centuries, lawyers have been trusted advisors in navigating the legal system. In fact, according to the MyCase 2024 Legal Industry Report , 81% of respondents who leverage generative artificial intelligence (GAI) tools use it to increase productivity and efficiency. Can AI Replace Lawyers? No, AI will not render lawyers obsolete.

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Use Emerging Technology to Advance Strategic Imperatives

InHouseOps

Understanding the Modernization of Law: Tools, Tech, and Tips. In a nutshell, modern law refers to the idea of taking a business-centered approach to legal practice by embracing emerging technologies and new partnerships to increase efficiency and make smarter operational decisions. The Survival of the (Technologically) Fittest.

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Alternative Legal Service Providers – An ally to embrace

Cenza

Therefore, legal service providers have been contending to streamline their processes and systems with the aid of technology. An effort to maximize the value delivered by technology and enable business growth has resulted in the genesis of Alternative Legal Service Providers (ALSPs). Tracing the ALSPs’ growth path.

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Why Legal Process Outsourcing is the right choice for you?

Cenza

Other challenges include cybersecurity concerns, difficulties with remote work, process workflow optimization, and the adoption of new technology. LPO is becoming more popular among businesses because it provides solutions to problems involving people, processes, and technology. Why Does LPO Matter? The market size says it all.

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Relativity Acquires Contract Review Company Heretik

LawSites

Relativity , the global e-discovery and compliance technology company, said today that it has acquired Heretik , an AI contract review company whose product was built on the Relativity platform and whose staff is half composed of former Relativity employees. . In 2017, the Chicago-based company raised $2.4