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Virtually legal: making technology work for you

17 April 2019 / Rosanna Woods
Issue: 7837 / Categories: Features , Profession , Technology , Legal services
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Adopting a ‘digital first strategy’ will help firms stay competitive, says Rosanna Woods

  • Legal tech and operations.
  • Inevitable challenges & driving innovation.

Momentum is building among law firms to adopt new technology based on machine learning and artificial intelligence (AI). Last year saw a dramatic rise in the development of such technologies and 2019 is set to be the year law firms either prioritise digital strategies, or get left behind.

The benefits of digitising assets and optimising legal processes are clear to those law firms that have already begun to embrace digital transformation. These benefits include reduced paper consumption and greater efficiency generally around processes such as creating and reviewing contracts, mining documents, raising red flags and performing due diligence. In particular, the latter of these processes is profoundly improved by the application of AI within virtual data rooms (VDRs), whereby authorised personnel are given controlled, online access to confidential data and documents that are stored remotely. This enables a variety of business processes to be conducted

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MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

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Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
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