The legal tech to look out for in 2017
Legal tech is moving swiftly — and firms of all sizes will want to keep their eye on these new developments or risk being left in the dust. There are four up-and-coming legal technology solutions that are especially exciting: machine learning, cloud environments, security improvements, and improved analytics. All of these had a firm foundation through 2016 but are now becoming far more advanced… and thus far more effective for today’s law firms.
Legal Technology Solutions to Watch in 2017
1. Machine Learning and AI for Predictive Review
Predictive review is becoming an industry standard — but it’s also becoming smarter. Through the use of advanced machine learning algorithms, predictive software provides more accurate results with less human intervention. Over time, predictive review will need very little by way of sample sets in order to complete eDiscovery coding — and it will be able to learn and self-correct as it goes. The eDiscovery process is one of the lengthiest processes when it comes to case management — and any delay in eDiscovery delays the rest of the case. By improving upon predictive review services, firms can improve upon the entirety of their case outcomes.
2. Multi-Cloud and Hybrid Environments
Many organizations, not just those in the legal field, are now moving towards multi-cloud and hybrid environments. Multiple SaaS offerings are being dedicated to different tasks: billing, case management, eDiscovery, and more. Integrations between these platforms will improve efficiency by giving attorneys the tools that they need in their day-to-day operations. Suites such as Rocket Matter, for instance, can vastly streamline billing processes and reduce the amount of time attorneys need to spend on administrative tasks.
These platforms will further improve efficiency — but they are going to need expertise to develop. Multi-cloud and hybrid environments are notoriously difficult to integrate together, especially when it comes to security. Expert technology and support services will be able to create these infrastructures for legal firms, tailored towards delivering them the most productive working environments with the fewest complications.
3. Legal Security and Mobile Device Management
As firms become more reliant upon their digital technology, one major concern emerges: security. Many smaller firms may not have dedicated security teams or may not have a security team well-versed in the specifics of the legal industry. Security-as-a-Service solutions are now able to provide security and mobile device management systems that are tailored to legal firms. These systems will be able to both facilitate the services that legal firms need while also providing the security necessary to protect clients and their information.
4. Improved Analytics and Resources
On a macro-scale, attorneys are now finding themselves in a very advantageous position in terms of data. Over the last decade, large volumes of data have been collected. Decades worth of information have been scanned in and read through the use of OCR and large repositories such as the Harvard Caselaw Access project have been constructed. Modern attorneys can now easily search through large volumes of case law and supporting information — and will consequently be able to deliver faster and better case outcomes to their clients overall.
On a smaller scale, attorneys can also leverage their own productivity and efficiency suites to track their analytics and resources within their firm. This will allow them to drill down to their own personal performance, the performance of staff members and any issues and roadblocks that are experienced during their cases. Through improved analytics and resources, firms will be able to streamline their operations and improve upon their processes.
Technology is something that legal firms have traditionally shied away from. Not only is each new technology under scrutiny, but it also requires an investment of both training time and money. Nevertheless, legal firms can no longer avoid these technological advantages if they want to remain competitive within their field.
An easy way to begin implementing technology now is Cullable OCR, an advanced OCR solution that can be implemented standalone and can vastly improve the paper discovery process. For more information about Cullable, click on the button below.