It is very apparent that technology has become more and more critical in the legal sector. In the very near future, if not even already, lawyers and legal departments will only be able to act as strategic enablers if they are freed up from repetitive work and adopt legal technology solutions which enable faster and smarter access to data.
Investments for Artificial Intelligence (AI) are growing globally, and recent studies make it very clear that law departments need to invest more in legal technology. At the same time, technology providers are developing new products and improving their current solutions at a very rapid pace. Overall, the legal tech market is very agile. As the year 2018 comes to an end and we welcome 2019, we feel that is time to take a snapshot look at the current legal tech sector.
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