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The legal industry is changing rapidly with new technology that allows in-house legal teams to make massive productivity improvements. It’s important to stay up to date on these trends to stay at the top of your game. Here are some of the biggest legal operations technology trends that you should know about.
Data Analytics and Visualization Tools
Data analytics and visualization tools are becoming increasingly popular in the legal industry, allowing legal teams to identify relationships between different data points quickly. Imagine a map of the state of governing law for all of your contracts! These tools allow for quick and easy analysis of large datasets, used s to better understand clients needs and make better business decisions. Additionally, data analytics and visualization tools can be used to present complex legal information in an easy-to-understand format. Check out LinkSquares Dashboards to learn more.
Artificial Intelligence (AI)
AI is rapidly gaining popularity in the legal field. AI solutions such as Natural Language Processing (NLP) and Machine Learning (ML) are being used to automate mundane tasks such as document review and contract analysis. AI solutions can also be used to analyze large amounts of data quickly, making them ideal for helping lawyers identify patterns or connections between different data points.
That said, there are still many things that need to be clarified about legal AI. Check out this post and video to learn the truth.
Cloud Computing
Cloud computing is a great way for legal teams to store their data securely while keeping costs down. Cloud computing allows legal to access their data from any device with an internet connection which makes it easier for attorneys to collaborate with colleagues regardless of location or timezone differences. Additionally, cloud computing offers enhanced security features such as encryption, two-factor authentication, and identity management which helps protect sensitive information from cyber threats like hacking or phishing attacks.
The legal industry is constantly evolving with new technology trends that can help make legal teams more productive, efficient, and organized than ever before. Understanding these trends will give your team the insight and efficiencies you need to move the business forward faster. If you want to learn more about legal tech, contact LinkSquares today.
