The Law Firms of the Future

By ADAM Global * Current Trends Affecting the Legal Industry The legal profession lacks qualified providers, the amount of legal work that is not reserved to qualified lawyers and that forms a big part of their income. This is where, “Legal technology” (legal tech or ‘lawtech’) is playing its huge role. The new provider competes on equal or more favorable terms than the law firm. Lawyers are now able to provide reserved activities and black letter law better, which is known to be more efficient and cheaper. Legal tech has excited the imagination of lawyers and non-lawyers alike as to its possibilities. In the legal sector the potential to do the same thing at a cheaper cost and more effectively is extremely appealing. In this blog we are going to the analyze the trends affecting the legal industry, and how the future of law firms will look like with the progress in legal technology. AI and Technology: “Digital disruption all over the place” According to th...