You’ll want to keep an eye out for:
- A platform, not a vendor or service
- Industry reputation, knowledge, and established expertise
- A suite of compatible features and solutions
- A history of timely implementation, service updates, or new integrations
The latter is essential because you want an industry partner with a similar commitment to continued growth and innovation, not a siloed service that lacks thoughtful integrations. With a platform approach, you have the opportunity to strategically bring together the RIGHT technologies for:
- Streamlined due diligence that takes the admin lift off of your team
- A free flow of data that delivers a single source of organizational truth
- A complete audit trail
- Extreme time and cost savings
Legal technology adoption isn’t slowing down. On the contrary, survey respondents agreed that we can expect to see an increase in matter management, e-billing, and contracts management adoption moving forward.
That said, 2022 is marking a new era for legal operations. AI and machine learning are on the rise, legal-tech spending continues to surge, and firms are now reimagining what it means to build a hardware stack strategically. As more organizations move towards integrated, comprehensive platforms for their legal technology management, opportunities for better operational productivity, growth, and impact increase tenfold across the industry.