Katie Chung, assistant director at Dunedin, discusses the future of the legal technology sector. She says that although law firms have so far been slower to adopt potentially transformational technology than other sectors, they are now waking up to how new technologies can offer an opportunity to secure competitive advantage. Chung notes that with lawyers demanding a more flexible and balanced way of working, this is already beginning to translate into growth in online service delivery, in areas such as dispute resolution and open-source legal documentation. She cites progression in the litigation field, where businesses such as LitiGate want to help law firms assess the chances of success – or risk of failure – in any given case. The company’s technologies, based on applying AI to case documents and external data, seek to mechanise what has until now been a human skill.
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Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.