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 a monthly 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.
The legal industry has lagged behind when adopting digital resources and implementing technology. That trend is quickly changing, with legal tech forecasted to comprise 12 percent of in-house budgets by 2025. Every business is different, though, and there is no one-size-fits-all legal tech solution. Instead, deployments should be based on the legal team’s unique needs and the overall business goals.
