The world today has drastically changed with wide acceptance of tech in almost all fields of our lives. However, the legal sector remains one of the few sectors that is still reluctant to ride the tech bandwagon. Holding strong to its core values, traditions, and familiarity, the legal sector is one of the oldest professions in the industry. But this ever-changing world is continuously in a state of evolution all thanks to the evolution of tech in the last few decades, and it’s about time for the legal sector to keep itself up to date with the world and its traditions.
Empowering Lawyers through Tech
Legal tech acts as an extension, enhancing the abilities of lawyers. Legal tech was never bound to replace lawyers, but they elevate their skills, providing creative and analytical solutions for their problems. Legal tech acts like a tool, allowing lawyers to perform their job better. Keeping in view the current status of legal sector and its relation with tech, Gartner released a report in 2021 with an emphasis on the tech-lawyer relationship;
- The Legal sector is bound to increase its spending on tech by three-folds by the end of 2025
- The Legal sector would replace 20% of its generalist lawyer staff with non-lawyer staff by the end of 2024
- The Legal sector would have automated 50% of legal work by the end of 2024
Increasing Lawyer Efficiency
The major upgradation of the legal sector would be the overall grooming of lawyers, leading them to learn new skills and develop appropriate delivery models. Lawyers would improve their overall skill set, elevating their skills. This will greatly increase their work efficiency by saving time as they present innovative and creative solutions to their legal problems.
Innovative Tech Products
The advent of newer and refined tech products have made complex and time-consuming legal tasks relatively simple. There are legal tech products and systems now available to draft documents, undertake research, disclose documents in litigation, and provide online legal guidance and online legal dispute resolution. There are many legal tech service providers available to help the legal sector get the tech-focused and client-specific products and services best suited to their requirements. A nice example of legal tech solutions is to implement a low-code no-code platform to create your own applications as a law firm.
Legal Encryption Tech
Another major role of tech for the legal sector is to provide end-to-end encryption and security to its clients. Cyber security breaches are one of the major hurdles that can lead law firms and corporations to jeopardy. Legal tech presents an easy encryption solution to this problem by providing secure algorithms for the daily exchange of confidential documents for their users and themselves.
Legal tech elevates the abilities of lawyers, enabling them to perform their jobs better. Digitization and advancement of the legal sector through tech would vastly benefit not only the legal sector, but adjoined corporate businesses as well. It will provide a solution saving time, effort, and a way to keep up with the competition within the legal sector.