5 Opportunities In Legal Tech For Innovative Startups
The legal tech landscape is experiencing unprecedented growth, with the global legal tech market measured at USD 24.62 Billion in 2022 according to Spherical Insights & Consulting. Thanks to the disruptive analytical, predictive, and generative power of AI in informationally complex fields such as law, this number is very likely to grow exponentially in the next decade.
Nearly 90% of in-house lawyers are dissatisfied with their jobs, survey finds
A growing percentage of in-house attorneys also are seeking new roles, including at law firms, according to a report from legal talent provider Axiom.
Law’s 2023: AI Is Just Part Of The Story
Artificial intelligence (AI) has been the big legal industry story of 2023, and there are a legion of reasons why. Generative AI’s rapidly expanding capability to perform many legal tasks will impact delivery structures, economics, talent, education, training, career diversification, regulation and compliance, commercial transactions, and dispute resolution.
With AI presenting an opportunity to finally ensure the profitability of AFAs, law firm leaders are actively collaborating with external AI partners and making tech hires
The exponential rise of generative AI is causing seismic changes in the legal profession. Princeton University concluded in a survey undertaken this year that legal services are set to be the most drastically impacted by generative AI. Indeed, artificial intelligence poses both the biggest threat, and opportunity, that law firms have ever faced. Those who navigate the risk, make quick decisions, and leverage the technology to their advantage, will ride both the immediate wave of success and come out on top in the long-term.
What are property professionals’ top priorities for 2024?
Landmark’s major new cross-market report has uncovered the top challenges and priorities for 2024 shared by estate agents, conveyancers, surveyors and lenders across the transaction chain.
Trends and challenges shaping the Australian midsize legal market: 2024 Australian Midsize Law Firm Priorities Report
Actionstep surveyed law firm professionals from midsize law firms across Australia to find out how their organisation is evolving and what they’re anticipating in the next year.