How Legal Tech Advanced In 2017
https://www.law.com/legaltechnews/sites/legaltechnews/2017/12/20/2017-the-year-legal-tech-grew-up/
Many industry leaders agree that 2017 was a big year for Legal Tech. This article discusses a few significant advancements in legal technology. It is now clearer than ever before that attorneys must embrace technology, or they risk being at a distinct disadvantage against attorneys willing to explore tech that will help them run better and more efficient practices.
Legal Tech is changing the way attorneys practice law and manage law firms.
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“While VC investment in legal tech may be declining, law firms are waking up to the possibilities that it holds—and putting their own money behind it. Dentons, for instance, has backed an independent accelerator, NextLaw Labs, which calls itself the first legal tech venture created by a law firm. That happened way back in 2015, but similar efforts have multiplied; this year, Orrick Herrington & Sutcliffe created an incubator called Orrick Labs, which “aims to turn lawyers’ ideas about how to achieve greater efficiency into reality.” Meanwhile, other firms are trying to bake tech-savvy into their identities. After three months operating under the radar, Atrium LLP publicly launched with the stated goal of building “the technology-first law firm of the future.”
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