What are the latest trends in the legal technology space? Explore our blog to see the industry from our perspective on the front lines.
You’re leading a legal team, and you know the clients, the matters, and the stakes are evolving fast. But is your team keeping up with the technological side of the business? If your answer to that question isn’t a confident “yes,” you are not alone. According to the ABA 2024 Legal Technology Survey Report, AI and other advanced legal tools are now…
The legal industry is undergoing a profound transformation driven by technology. Law firms, legal departments, financial and accounting professionals, and technology decision-makers are rapidly adopting innovative solutions to stay competitive, enhance productivity, and meet client demands From firms using Intapp and Elite 3E to those seeking AI-powered productivity tools, understanding the future of legal tech is critical…
Client retention remains the cornerstone of sustainable law firm growth. While attracting new clients captures headlines, the firms that thrive understand that retaining existing relationships drives profitability and creates lasting competitive advantage. According to industry research, the median retention rate for professional services, including law firms, stands at 73%, yet top-performing firms achieve significantly higher rates through strategic implementation of…
The adoption of artificial intelligence (AI) in legal practices is accelerating rapidly. Recent studies reveal that AI use among legal professionals surged from 19% in 2023 to 79% in 2024, reflecting a pivotal shift in how law firms operate. Yet, for many seasoned attorneys, and the legal profession steeped in tradition, the integration of AI…
In today’s fast-evolving legal landscape, law firms and legal departments face growing demands to deliver faster, more efficient, and client-centric services while navigating complex operational challenges. Financial management, practice administration, compliance, and analytics are no longer discrete tasks but interconnected elements that underpin competitive advantage and sustainable growth. Enter Elite 3E Cloud Solutions – a…
In today’s digital landscape, security and compliance are essential pillars for the legal industry, where safeguarding client confidentiality and sensitive information is fundamental to maintaining trust. As cyber threats grow increasingly sophisticated and data protection laws become stricter, law firms and legal technology providers face mounting pressure to prioritize robust security and strict regulatory compliance….
The recent explosion of artificial intelligence (AI) advancements means most law firms are well aware of its potential to improve efficiency, productivity and decision-making — and there’s no shortage of AI solutions designed to achieve these goals.But, for many firms, that’s the problem. An abundance of options is causing choice paralysis for some, while others…
Ah, the unknown. It’s been frightening humans since the beginning of time. For lawyers, concerns around integrating emerging artificial intelligence (AI) tools into their workflow can be especially acute due to their risk-averse and traditional nature. And given legitimate concerns around ethics, privacy, quality, reliability and compliance — not to mention job security — these…
A recent Thomson Reuters study found that many corporate clients are shifting their retainers away from their go-to BigLaw counsel in favor of mid-sized firms promising quality work at more efficient rates. The reason? To trim and optimize their legal spend. This shift in spending, known as “demand mobility,” has been nagging larger firms for…
On November 7, Luminance announced that one of its artificial intelligence (AI) modules negotiated an entire contract with another AI module for the first time without any human involvement. Yes, you read that correctly: an entire contract was hammered out from inception to final approval without involving even a tenth of a billable hour. Humans only stepped…
