How Technology is Reshaping the Legal Industry

In today's fast-paced legal landscape, technology is not just an option—it's a necessity. As highlighted by a recent Wolters Kluwer report, 70% of legal professionals recognize the adoption of technology as a top priority. From automating routine tasks to enhancing decision-making with advanced analytics, technology is reshaping the legal industry in profound ways. Existing tools are fully leveraged, while new investments are strategically aligned to deliver long-term ROI. 

Join us as we explore the dynamic intersection of technology and legal operations and discover how to stay ahead of the curve.

Video Transcript 

70% identify the adoption of technology as a paramount priority in today's rapidly evolving legal operation’s landscape (Wolters Kluwer 2023). 

Technology is revolutionizing legal operations through AI, machine learning and data fabrics by:

  1. Automating routine tasks
  2. Supporting analysis of content
  3. Enhancing decision-making with advanced analytics
  4. Integrating disparate data silos
  5. Streamlining operations

With the rapid pace of technological innovation, change management is significant. It is the critical, yet often overlooked component of legal tech adoption. 

BDO helps you unlock the full potential of your tech portfolio before acquiring new tools. We work with you to help support alignment with overarching legal and business objectives. 

We start with understanding our client’s needs, aligning tech initiatives with business objectives, assessing existing tools like data fabrics, AI and Machine learning tools, workflow and ticketing systems for legal applicability, and helping ensure technology meets these requirements. 

Our legal technology roadmap helps visualize the process, from start to end with the last step being assisting in determining how to leverage existing investments while considering how new investments can generate long-term ROI.

The intersection of technology and legal operations is dynamic and exciting. 

We help clients navigate the challenges while staying ahead of the curve.

We understand that successfully integrating new technology involves managing the human aspects of change, fostering a culture of adaptability, and ensuring all stakeholders understand the value and benefits of these investments.

Contact us to start your assessment and learn how the BDO’s Legal Operations team can help you.