Legal technology trends are always forthcoming, but which of those are just passing fads, and which should you pay attention to?
Virtually every single industry has learned how to harness technology to maximise efficiency, and law is no different. Technology has a vital part to play in any legal chamber. However,with so much legal tech entering the market, it can be difficult to make sense of your options. Luckily, we’ve compiled three of the latest legal technology trends to watch out for, so you can stay ahead of the curve.
1. Virtual contract management
Paperwork is the bugbear of every lawyer, so most chambers welcome the introduction of The Cloud for contract management. This shift to cloud storage encompasses many different types of documents between legal staff and clients – from contracts to legal briefs. As a result, electronic signatures are being used in law for the first time. This coupled with cloud-based data retention could shorten the lifecycle of most legal documents and procedures considerably, allowing lawyers to work more efficiently and productively.
2. Big data
Data storage and sharing are essential in legal practice. As a result, many law firms are moving to cloud-based applications to access, review, edit and send data between electronic devices. The great thing about this new technology is that is has been designed to streamline the activities of lawyers and tighten security measures. Two-step verification and biometric data like fingerprints are often used on digital devices to keep data secure. Most law firms have a goldmine of Big Data in the form of client databases which can also be used to optimise marketing campaigns – even in a post-GDPR era.
3. Artificial intelligence
AI is being adopted in most industries as we speak. Even if we’re not working with fully-fledged robots just yet, this is one of the most exciting growing areas of technology in the legal landscape. Of course, legal roles are highly skilled, so no one’s saying that computers with AI capabilities will be able to compete with lawyers. However, lawyers could be freed up from practices like reviewing documents, scouring data in the future. AI machines can even be used to make predictions based on data analysis, which could help lawyers work out the outcome of certain cases. This is bound to save countless hours and improve the overall efficiency of legal chambers.
Could legal technology trends benefit your chambers?
Technology may be slow to penetrate the legal industry, but new apps and software programmes are being launched all over the world to make lawyers more efficient. Now and in the future, tech aims to facilitate the legal industry to save time and make the job of a legal professional far more productive. Automation also promises to remove some of the arduous paperwork from legal processes and free lawyers up to spend more time connecting with clients directly.
To learn more about how technology can aid your legal chambers, browse our cloud-based management and security solutions, designed for those in the legal sector. Alternatively, you can contact CBSIT online or call us on 020 3355 7334.