Immense data volumes and rising regulatory complexity impact the ability of attorneys to make rapid decisions. Coupled with growing competition and client demands, it has become critical for legal professionals to increase productivity, reduce spending and improve service. Legal solutions help optimize content management and leverage analytics to enhance data insights, case strategies and client services.
Law firms are doubling down on technology investments, with 66% planning to use technology to address objectives other than cutting costs.
Only 55% of law firm leaders believe their firm is clearly differentiated from the competition, creating opportunities for differentiation in a highly competitive market.
25% of ESI investigation activities involve document review and more than 76% of teams still conduct manual review to identify key documents.
The top three investigation types (employee conduct, cybersecurity and regulatory investigations) present enormous challenges with data volumes and complexity.
By 2023, internal legal counsel investment in dedicated solutions to handle subject rights requests on behalf of clients will increase by 150%.