The innovation in technology has definitely changed the way tasks are performed within many different industries. Technologies like artificial intelligence, document automation or blockchain, have heavily disrupted how daily regular tasks are performed within companies and organizations.
Artificial Intelligence systems are becoming significantly important to Legal technologies nowadays. We can all see how AI has already found a way to support advocates and clients positively and efficiently. At the same time, the investments in the legal tech are skyrocketing and that is mainly because the demand for new innovative tools that enhance the legal process is higher than ever.
In fact, investment in LegalTech skyrocketed to $1 billion in 2018 - and much of this funding was injected into AI and machine learning platforms.