Revolutionizing the old-school legal industry: How law firms are using new tech to cut costs and the startups set to benefit
The legal industry is seeking to streamline efficiency and meet client demands by using startups or building up their own tech.
- Business Insider is tracking the latest innovations across the legal industry.
The coronavirus pandemic has accelerated virtually every industry’s path to digitize and the notoriously old-school world of law is no exception.
Legal firms are demanding more innovation in a bid to improve efficiency and as clients seek lower costs. VCs are seeing promise in the space, opening their wallets to fund legal tech startups. Last year, Bloomberg Law reported that legal tech investments hit at least $1.2 billion by the end of the third quarter, surpassing the previous year’s record of $1 billion.
Business Insider has been tracking the latest from startups looking to disrupt the complex and paper-dependent industry and how legacy companies are adopting new digital tools. See the latest below.Advertisement
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(the headline, this story has not been published by Important India News staff and is published from a syndicated feed.)