European Union watchdogs are so frustrated with Big Tech dominance they have turned their traditional approach to regulation on its head.
Allen & Overy and other biglaw firms are using AI LegalTech Tools and related law technology tools to push a technological revolution in the legal profession that will transform how legal services are prepared and delivered.
The legal tech landscape is experiencing unprecedented growth, with the global legal tech market measured at USD 24.62 Billion in 2022 according to Spherical Insights & Consulting. Thanks to the disruptive analytical, predictive, and generative power of AI in informationally complex fields such as law, this number is very likely to grow exponentially in the next decade.
A growing percentage of in-house attorneys also are seeking new roles, including at law firms, according to a report from legal talent provider Axiom.
The legal sector in Leeds has grown by 19% since 2020, while the local tech sector has skyrocketed 110% to £15bn, according to the report by Whitecap Consulting.
Artificial intelligence (AI) has been the big legal industry story of 2023, and there are a legion of reasons why. Generative AI’s rapidly expanding capability to perform many legal tasks will impact delivery structures, economics, talent, education, training, career diversification, regulation and compliance, commercial transactions, and dispute resolution.
The exponential rise of generative AI is causing seismic changes in the legal profession. Princeton University concluded in a survey undertaken this year that legal services are set to be the most drastically impacted by generative AI. Indeed, artificial intelligence poses both the biggest threat, and opportunity, that law firms have ever faced. Those who navigate the risk, make quick decisions, and leverage the technology to their advantage, will ride both the immediate wave of success and come out on top in the long-term.
Landmark’s major new cross-market report has uncovered the top challenges and priorities for 2024 shared by estate agents, conveyancers, surveyors and lenders across the transaction chain.
Actionstep surveyed law firm professionals from midsize law firms across Australia to find out how their organisation is evolving and what they’re anticipating in the next year.
In an extensive effort to tailor its services to the specific needs of legal professionals, Legal Data, the provider of an innovative legal research platform, has conducted over 80 Customer Development Interviews (CustDevs) with practitioners across 11 countries.
The future of law is at LegalTechTalk – Europe’s Event for Legal Transformation.
The legal industry is undergoing a major transformation, driven by technological advances, changing demographics, and new business models. Lawyers who are able to adapt to these changes will be well-positioned for success in the future.
Upcoming Event:
17 – 18 June 2026
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