Posts

Showing posts with the label legaltech

LegalTech Law-as-a-Service (LaaS)

Image
  Acknowledgements Agile/Scrum Open-Source Cloud Service 3rd Party Tools Webinars  Portals Repositories EdTech LA = Legal Analytics Global Legal Market SWOT Analysis   (The Business Research) Entities: offices of lawyers, title abstract and settlement offices and offices of notaries Legal professionals: solicitors, barristers and lawyers Value $767.1 billion in 2021 CAGR of 5.4% since 2015 CAGR of 6.5% to $986.7 billion by 2023 Asian Industry Demand (40% of companies in the Fortune 500):  automobile, technology, oil and gas and e-commerce Emergence Of Alternative Legal Service Providers (ALSPs) linked to LA Market high-demand legal services such as document review, contract management, litigation support, electronic discovery, contract lawyers and staffing, legal research, and IP management  (from $10.7 billion in 2017 to $55 billion by 2025),  Big Four accounting firms – Deloitte, EY, KPMG, and PwC Legal Analytics (LA) Driven Digitalization (LexisNexis Surveys) 70% cost re