Some Uses of Blockchain in the Legal Industry
Some Uses of Blockchain in the Legal Industry What is blockchain? At its simplest, blockchain involves recording information in a way that creates trust in the information recorded. Blockchain software synchronizes data stored and distributed amongst peers on all the computers on servers (“nodes”) participating in a particular network. This allows for multiple records of […]
What is a Virtual Legal Assistant?
What is a Virtual Legal Assistant? A virtual legal assistant is a professional that offers remote personal and administrative assistance to law firms and legal personnel. They often operate independently from anywhere around the world and can help law firms increase their efficiency and capacity. They also only get compensated for their working hours since […]
Derivatives and Legal Technology
Derivatives and Legal Technology The overall number of legal specialisms are, for most intents and purposes, virtually innumerable in number, intricate in nature, and, in many cases, highly esoteric. These specialisms range from the broad, yet essential, practice areas of family and criminal law to the niche and specific areas of intellectual property and media […]
Lawyers Need not Fear Legal Tech
Lawyers Need not Fear Legal Tech The last decade has been a momentous time of dynamism and change in the Legal Sector, characterised by rapidly increasing regulation, greater pressures, and technological advancement. This shifting legal landscape, understandably, is liable to cause worries and concerns regarding firms’ and, at a greater level, lawyers’ abilities to adapt […]
How Legal Technology Can Revolutionise Your Firm’s HR Processes
How Legal Technology Can Revolutionise Your Firm’s HR Processes As a law firm, you are likely already aware of the many challenges that can come with managing human resource (HR) processes. From recruiting and onboarding new employees to managing employee records and ensuring compliance with employment laws, there is a lot to keep track of, […]
The Impact of Legal Technology on In-House Legal Departments
The Impact of Legal Technology on In-House Legal Departments According to a recent survey conducted by Statista, almost 3.9% of an in-house legal department’s budget was spent on legal technology in 2020 [1]. It is further predicted that this budget is likely to increase by 12% by 2025 [2]. Moreover, research conducted by technological research and consulting firm, Gartner, […]
How Legal Technology is Cutting Law Firm Overheads & Costs
How Legal Technology is Cutting Law Firm Overheads & Costs The main selling point of legal technology is the increased efficiency and cost savings it brings to the table. Despite this point being emphasized by legal technology providers, many lawyers still believe that incorporating legal technology solutions is a huge investment that is inconvenient and […]
What Can Law Firms do to Defend against Cyber-Security Attacks?
What Can Law Firms do to Defend against Cyber-Security Attacks? Cybersecurity has become a critical issue for the reliability and growth of public and private organisations of all sizes and types. The development of technology and the increasing use of the cloud have made digital information assets a crucial but equally vulnerable asset. With all of the sensitive and frequently personal […]
Adapting to a Hybrid Working Law Firm Set-up
Adapting to a Hybrid Working Law Firm Set-up Hybrid working – the blending of traditional office-based work with home-based and remote working – is set to become the new normal for law firms. It is an attractive proposition for both lawyers and their clients, who will benefit by reducing expenses, increasing flexibility and producing greater […]
What Technology Does Your Law Firm Actually Need
What Technology Does Your Law Firm Actually Need As per a recent survey conducted by Bloomberg, it was reported by 90% of attorneys that incorporating legal technology solutions into their operations improved their services to a great extent [1]. Many law firms now firmly believe that using the correct legal technology acts as a great equalizer, enabling them to operate […]
