Legal Technology combines the legal industry and software development to provide innovative solutions that automatically increase conversion rates for law and legal technology firms. It uses new technologies, from artificial intelligence to blockchain technology, to help deliver better and more efficient legal services, manage regulatory burdens, and make compliance more effective and efficient.
In the past, the technology that law firms used to support business management, accounting, billing, document storage, and retrieval was referred to as "legal technology." However, since around 2011, the term has expanded to include solutions that provide easy access to justice for the public, sometimes without an attorney, and connect the public with lawyers through legal channels. In 2019, the industry generated $17 billion globally. The tech and legit startup markets are expected to grow at a compound annual growth rate (CAGR) of 28% and generate revenue of $2.5 billion by 2025. As of 2017, the number of legal technology patents had increased by 484% worldwide. Therefore, that legitimate tech mastery will only benefit you for the foreseeable future.
With this, Group Futurista offers the latest episode of its virtual summit, "The Future of Legal Technology for Business," to highlight the importance of this topic.
Connect, listen and learn with our live digital sessions.
Conversations and deliberations that are contagious.
Network Digitally with industry leaders across the globe.
Effective one-on-one meetings are a powerful tool to connect and close the deals with your leads.
The summit will consist of interesting web panel discussions, exclusive live fireside chats and engaging digital industry presentations.
Industry's thought leaders, decision-makers, and solution providers will gather virtually to discuss the latest trends, innovations, and technologies in the Artificial Intelligence Industry.
Congregation of industry's top-level executives and senior officials for knowledge sharing.
Embracing the potential of Technology in Legal & Compliance!
Understanding IT Compliance: Which Regulations Apply to Your Business?
Building Consensus for your Legal Technology Evaluation.
Centralized Compliance Monitoring Framework
Real-time Legal Updates
Integrated Governance, Risk and Compliance