The rise of Alternative Legal Service Providers, better known as ALSP, has been significantly high in the past several years and that can be either an opportunity for you or a threat. Together with Natalia Martos, CEO & founder of Legal Army, we have ALSPs thoroughly explained for you.
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 my latest talk at the annual conference at the ELTA (European Legal Tech Association) that took place in Madrid last 20, 21 & 22 of November 2019, I talked about how technology can help us as lawyers to expand our profession and to enhance our creativity. Us lawyers are inevitably bound to perform repetitive tasks that consume our time and drains our energy, and for that, Bigle Legal was born to take over those repetitive tasks and give us more space to focus on what is more important.
In fact, investment in LegalTech skyrocketed to $1 billion in 2018 - and much of this funding was injected into AI and machine learning platforms.
On the Bigle Legal blog, we often delve into how innovation is disrupting the legal industry. We’ve spoken about how cutting-edge tools incorporating AI, machine learning and document automation have helped law teams to increase efficiency and better represent their clients.
Today, we’re going to explore another technology that’s revolutionizing the legal sector.
That is: blockchain.
Whether you work in a law firm or head up a legal department in an enterprise, it’s important to keep your finger on the pulse. As lawyers, we’re not only expected to keep up with changes to the law, but also to stay up-to-date with legal industry trends and business developments around the world.
Topics: Legal industry