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Why Do Lawyers Need to Keep Up with Legal Technology?

LawTechnologyToday

According to the Future Ready Lawyer 2021 report , 84% of legal departments have increased their technology budgets in the last year. Lawyers should stay abreast of legal technology trends because the legal industry is rapidly evolving, and technology is transforming how legal services are provided.

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Electronic Lawyer Signatures: Tips & Uses

MyCase

Practicing law requires legally binding signatures—whether it be for a standard contract, a real estate closing contract, or a routine will. However, tracking down documentation and following up with clients for signatures costs lawyers hours of non-billable time. . What Are the Different Types of Lawyer Signatures?

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Top Technology Trends for Transactional Lawyers

LawTechnologyToday

It can also use artificial or augmented technology to rapidly synthesize documents and prioritize attorney review. Lessons learned from the evolution of the above tools in the litigation setting are directly relevant to opportunities available to transactional lawyers to efficiently execute work on transactional matters.

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Most Law Firms Use Just Five or Fewer Unique Software Products, Smokeball Study Says

LawSites

In firms of 2-10 lawyers, 86% use five or fewer products. Even in firms of 26 or more lawyers, half use just five or fewer products. Document management, 47%. Practice management or case management, 34%. Document automation, 26%. The smaller the firm, the higher this percentage goes. Accounting, 43%.

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How to make your lease administration process more scalable and cost-effective?

Cenza

Lease management entails the extraction of key information from the lease agreement document into a lease abstract which is essentially a summary of the essential terms of a leasehold agreement of real-estate. The firm was looking to build a database for the storage and retrieval of 27000+ title documents for its clients.

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Eight Legal Software Solutions for Eight Fields of Law

Attorney at Work

When discussing legal tech as an industry, we often focus on horizontal solutions — research, document management, case management, practice management — that apply to law firms regardless of practice area. Field of law: Real estate. TrackWithEase is a transaction management solution for real estate lawyers.

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Guide to Enhancing Law Firm Productivity

LawTechnologyToday

It is imperative for legal practitioners to stay updated on regulatory changes as they happen in order to be best suited to service their clients or manage their departments. They also help partners/lawyers spend quality time in managing their cases and in driving results for their clients.