7. Law Firms and Their Tech: Clifford Chance, Ashurst, Freshfields, DLA Piper, Mayer Brown
BY
Steve Glaveski
Technology has been hailed as one of the biggest aids to a law firm’s growth in 2018, making it a necessity in the modern law firm. Yet it’s still the top-tier law firms who remain the biggest investors in new technologies, typically centering around Artificial Intelligence (AI) and Blockchain.
74 percent of mid-tier law firm leaders have admitted to not monitoring return on investment (ROI) on technology investments. This reactive approach has allowed top-tier law firms to lead the way in implementing strategic, innovative, tech-based solutions designed to streamline and automate existing processes.
This provides the client with more options to choose from such as online self-help and highly personalised systems like document-automation platforms. Here are five law firms leading this evolutionary shift.
Technology has been hailed as one of the biggest aids to a law firm’s growth in 2018, making it a necessity in the modern law firm. Yet it’s still the top-tier law firms who remain the biggest investors in new technologies, typically centering around Artificial Intelligence (AI) and Blockchain.
74 percent of mid-tier law firm leaders have admitted to not monitoring return on investment (ROI) on technology investments. This reactive approach has allowed top-tier law firms to lead the way in implementing strategic, innovative, tech-based solutions designed to streamline and automate existing processes.
This provides the client with more options to choose from such as online self-help and highly personalised systems like document-automation platforms. Here are five law firms leading this evolutionary shift.
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about the author
Steve Glaveski is a Harvard Business Review contributor on all things high-performance at work. He is the author of Employee to Entrepreneur (Wiley, 2019), and co-founder of Collective Campus, the boutique consultancy behind NewLaw Academy that has generated millions of dollars selling discretionary services to many of the biggest organizations in the world - without the benefit of an established brand,pre-existing relationships, a corporate card, or a large team. Steve previously consulted to the likes of King & Wood Mallesons, Mills Oakley, and Cornwalls, and worked in consulting for EY and KPMG.
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