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.

As a legal professional, you can agree that reading good books is the best way to stay stay educated about the industry and to be on top of the inevitable changes that happen. As well as keeping abreast on issues emerging in the near and the far future.

Not only are we in the digital era, but we’re also in the era that brings awareness to our planet. Reducing emissions and the use of fossil fuels, we are learning more and more about ways to reduce our carbon footprint. Let alone how the COVID19 pandemic has helped this reduction.

We can all agree that Artificial intelligence, better known as AI, is one of the most trending topics in 2020. However, due to the complexity of AI and its vastly broad horizon, the technology can be hard to understand. And this false perception of AI has made individuals become skeptical and made those who don’t understand it fearful.

Not only that, but the idea that sci-fi movies have portrayed about AI over the years has majorly confused many of us. 

In the era of digitalization, you can witness how advanced technology is transforming the way businesses operate. Even those that refuse to accept the changes will be forced to support the innovation in order to stay competitive. Major professions are embracing automation as it brings them more free time as well as higher ROI.

When it comes to the legal professional, working remotely has not always been his best suit. But with the unfortunate crisis of Covid-19, even law firms, notaries, real estate agents and legal service providers are being forced to operate remotely.

Technology and software is a wise choice here, but how can you do it without being overwhelmed by all those remote-friendly tools you are using?

It's funny how things change. Last January I was in Vienna for the Legal Tech Hub talking with the CEO of another startup on how they managed to bring their cloud based solution down to an On-premises installation. I was very interested because we were getting all these requests to do the same with our product.