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It would be easy for law firms to get carried away with legal tech, but a strategic approach – from mixing old with new to creating a blueprint to achieve your goals – is key
During a Zoom call, I was complimented on a shirt I bought in Paris years ago and recently started wearing again. When I said it was an old favourite, rediscovered, the response was, ‘Ah, you have been shopping in your wardrobe’. This expression seems applicable to legal tech right now, as it is all too easy either to get carried away by the current rush of activity and interest, or to become confused by the choice of tools and resources and miss out on the opportunities presented by digital transformation. More than ever before, legal services need a strategic approach to tech.
In hailing the transformative effects of digitisation on legal services, LawtechUK has produced a visionary report envisaging an industry worth £22bn a year. But its proposals for legal data are a tall order
‘Lawtech is not a panacea’, cautions the latest in a series of reports on the fast-growing sector. But a casual reader of Shaping the Future of Law, published last week by the government-backed LawtechUK initiative, could be forgiven for suspecting the opposite. Not only will digitally enabled legal services mean that the ‘legal moments that shape our lives can be affordable, fair and smooth’, they will save small businesses billions of pounds a year.
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