Top 20 Legal Technology Solution Companies - 2016
The legal world has for long been ignoring the potent of advanced information technology and its efficiency in mitigating lawyers’ nugatory tasks that surrounded the actual work. Adopting the latest trends of technology and its feasibility has always been put to test, owing to the collective high security risks and massive volumes of the data involved. However, the recent decade has been witnessing an increase in the acceptance of modern day technological norms like cloud, mobility, and wearables, in the legal sector.
A horde of experts are working at the crossroads of technology and law, to facilitate the move towards automation, and ultimately, legal efficiency. Basic office applications like word processors and spreadsheets are being replaced with contract-specific software for contract lifecycle management, and contract drafting. Siloed applications that served various purposes along the process chain, such as accounting, billing, and document management are reinstated with integrated software products that reside over a single data set, promising information consistency. These legal solution providers have also introduced artificial intelligence into the legal picture, where automation of legal tasks has greatly increased lawyer efficiency, cost predictability, and service quality.
In an effort to help law firms with the shift toward a more dynamic and technologically evolved ecosystem, a panel of prominent CEOs, CIOs, VCs, analysts, along with the CIO Review’s editorial board has assessed scores of Legal Tech solution providers and picked out a list of prime choices.
We have considered the vendor’s ability in building solutions that can effectively manage legal data, bringing in an efficient and productive process chain, and at the same time deliver consistent information.
We present to you CIO Review’s Top 10 Legal Tech Solution Providers 2016.