The legal sector is being transformed by legaltech and there are seven legaltech trends to watch out for in 2024. These trends include
- artificial intelligence and machine learning,
- legal design,
- legal analytics and metrics,
- regulatory compliance solutions,
- collaborative legal billing,
- enhanced legal project management tools, and
- no-code and low-code process automation.
These technologies will help simplify legal operations, improve legal services, and increase the visibility and value of in-house legal departments to organizations. By 2024, legaltech trends will likely shift from merely providing efficiency tools to offering systems that are deeply integrated into the business, enhancing decision-making and risk management.
Source: Lawcadia
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