Map of fundamental technologies in legal services — from remakinglawfirms.com by Michelle Mahoney
Excerpt:
The Map is designed to help make sense of the trends we are observing:
- an increasing number of legal technology offerings;
- the increasing effectiveness of legal technologies;
- emerging new categories of legal technology;
- the layering and combining of fundamental technology capabilities; and
- the maturation of machine learning, natural language processing and deep learning artificial intelligence.
Given the exponential nature of the technologies, the Fundamental Technologies Map can only depict the landscape at the current point in time.
Information processing in legal services (PDF file)
Also see:
Delta Model Update: The Most Important Area of Lawyer Competency — Personal Effectiveness Skills — from legalexecutiveinstitute.comby Natalie Runyon
Excerpt:
Many legal experts say the legal industry is at an inflection point because the pace of change is being driven by many factors — technology, client demand, disaggregation of matter workflow, the rise of Millennials approaching mid-career status, and the faster pace of business in general.
The fact that technology spend by law firms continues to be a primary area of investment underscores the fact that the pace of change is continuing to accelerate with the ongoing rise of big data and workflow technology that are greatly influencing how lawyering gets done. Moreover, combined with big unstructured data, artificial intelligence (AI) is creating opportunities to analyze siloed data sets to gain insights in numerous new ways.