Several trends are clear in the legal technology market. For instance, a large number of law firms are embracing remote control working computer software to help in dispersed workforces. However , the legal profession have not embraced technology to the fullest potential. Several lawyers continue to think of a lawsuit technology being a back office tool.
On the other hand, tech start-ups are attaining larger organisations and growing innovative solutions. And, private equity finance is significantly interested in the legal sector.
In the legal technology space, the number of mergers and acquisitions has been substantial. More than a billion dollars dollars was spent in the past year only.
The vLex, a service that brings together thousands of legal reports sources coming from leading writers, is a famous example. The website also offers different collections of books, case law and legislation.
Another worthy model is Clearbrief, an AI-powered file drafting instrument that enables smooth viewing of caselaw. The web page, in partnership with Fastcase, will soon permit attorneys to complete their drafting in Phrase.
Another model is the eDiscovery Technology Certificate which is available from the Nationwide Society for Legal Technology. The license is designed to give pupils an education in eDiscovery that will enhance their maintains.
Finally, improving the operations of a law practice the Newspaper of Legislation and Technology produces the best reading on the web. This covers almost all aspects of intellectual property and the technology involved in it. In addition , it offers practical guidance for rules practitioners.
The Journal of Law and Technology is maded by ALM, a publishing organization targeted at the legal market. It is available on the web and in print. Additionally , it offers links to weblogs and podcasts related to the legal technology industry.