What Is Legal Tech? (+How It's Changing the Legal Industry)
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Patrick Szakiel Patrick Szakiel
What Is Legal Tech? (+How It's Changing the Legal Industry)

he legal industry is famously slow to adopt new technology, so its digital transformation has therefore been slow to coalesce.

One of the reasons for this glacial pace is that law firms make money based on billable hours. Any increase in efficiency means less pay for firms. But several things have led to a rise in popularity for legal tech. These include the increase in in-house counsel hiring, a massive increase in reviewable documents, the American Bar Association's call for lawyers to stay abreast of relevant legal technological advances, and increased competition for clients

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