Legal technology has gained a secure foothold in the legal industry and has now reached a critical tipping point. Lawyers can no longer be distracted by the bells and whistles, and instead must be focused on identifying and implementing meaningful tools that enable in-house legal leaders to be true catalysts for change across the business. Selling the Dream is an ongoing series that separates what is hype from what is real and provides tips for using technology to elevate the status of the in-house legal function.
Earlier this year, The Association of Corporate Counsel (ACC) released the 2023 Chief Legal Officers Survey. Among the data provided in this report was the point that only 38 percent of CLOs said they plan to hire more lawyers this year, compared to 45 percent last year. While there may not be a disproportionate reduction in legal staffing this year, at least in the tech industry, it does suggest in-house teams will have to work smarter if they want to grow.