Top 10 Legal Tech Services Companies - 2022
Legal tech is playing a prominent role in facilitating a level playing field for the new legal service providers to compete on equal or more favorable terms with the established law firms. It is helping lawyers provide more efficient and cost-effective services to the clients’ while addressing their insatiable appetite for ‘more for less.’
Notably, many legal firms have adopted machine learning and predictive coding to assist lawyers in digesting the vast amounts of information available, such as contract reviews for electronic disclosure. In the case of document review, these technologies are giving clients enhanced access to the process, including real-time information about the progress of their transactions. Similarly, hyper-automation is another powerful technology that is enabling lawyers to eliminate many rote tasks. By extending beyond basic automation, hyper-automation is employing multiple technologies to accelerate automation across the organization and improving the workflows, allowing lawyers to spend more time on high-value work.
Moreover, legal technology has significantly improved in recent years by putting legal services one click away for clients to find. Today’s modern attorneys are using social media platforms for marketing their services and having a robust online presence. This is an enormous benefit for attorneys to instantly get in touch with their clients and provide the advice they seek.
At this juncture, there is a variety of legal tech service companies in the market that cater to the different needs of enterprises. To help them choose the company that best fits their requirement, CIOReview has compiled a list of the 10 most promising legal tech service companies. The enlisted companies are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs and CXOs.
We present to you CIOReview’s, “10 Most Promising Legal Tech Services Companies – 2022.”