The move from traditional filing systems to cloud-based document management software has been not just the trend but the standard for most law firms. This has rendered firms who still keep a substantial amount of paper files obsolete in their practices. But in 2020 there have been additional challenges due to recent global office closures and new social distancing rules.

We all saw how the unfortunate COVID19 pandemic pushed a lot of companies towards digital transformation, where esignature played a crucial role.

You can witness that advanced tech solutions are becoming an essential parts of almost every contemporary industry. Traditional ones are recognizing the benefits of the software tech assistants while the new industries are built on them.

I’ve spent most of my career deeply involved in technological and organizational transformations, working hand in hand with my clients through challenging transition times. Along the road, I’ve seen some projects succeed and achieve incredible results, while others have made no significant impact.

It’s no secret that the legal industry is rapidly transforming and today, law firms and legal departments from all over the world are feeling the pressure to respond.

Perhaps it’s no wonder; clients expect better and more efficient customer service and law firms feel the need to stand out from the crowd.

Have you ever taken the time to decipher the legalese of a contract? How about a dozen? Every day lawyers are left trying to complete contracts without a standardised process, which raises the importance of efficient legal contract management.

Property technology, better known as Proptech, has become one of the major topics that are discussed in the real estate market with billions of dollars invested towards innovating and enhancing it.

In fact, the first two quarters of 2019 witnessed record-breaking investments of $12.9 billion streamed into proptech advancements.

Going to the local jurisdictions and wasting your precious time on the administrative processes for compliance regulations is a matter of the past!

Legal tech is becoming increasingly popular among big players in the legal sector and among the influencers and leaders of this sector. We can agree that there are many advancements in it and that it is bringing the sector to adapt to modern changes. However, in this article, we will walk you through the return of investment in different types of those legal techs and how beneficial they can be for your practice both in the short and long term.