Stephanie Villinski’s Post

The 2024 Clio - Cloud-Based Legal Technology Legal Trends Report highlights opportunities for law firms to accelerate growth and meet evolving client expectations. 1️⃣ AI adoption 2️⃣ New billing structures 3️⃣ Improved client engagement https://hubs.li/Q02W8Wn20

𝙏𝙝𝙪𝙧𝙨𝙙𝙖𝙮 𝙏𝙧𝙚𝙣𝙙𝙨 𝙞𝙣 𝙇𝙖𝙬 - 𝗟𝗲𝗴𝗮𝗹 𝗧𝗿𝗲𝗻𝗱𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 (𝗟𝗲𝗴𝗮𝗹 𝗧𝗲𝗰𝗵) AI is changing the game for law firms, and the latest Clio Legal Trends Report shows just how big of a shift we’re seeing. From client expectations to operational efficiencies, technology is paving the way for the future of law. Here are some key takeaways... - 𝗔𝗜 𝗔𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗶𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗥𝗶𝘀𝗲: According to Clio’s findings, 𝟰𝟳% 𝗼𝗳 𝗹𝗮𝘄𝘆𝗲𝗿𝘀 𝗮𝗿𝗲 𝗼𝘃𝗲𝗿𝘄𝗵𝗲𝗹𝗺𝗲𝗱 𝗯𝘆 𝗮𝗱𝗺𝗶𝗻𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝘃𝗲 𝘁𝗮𝘀𝗸𝘀, and AI is helping to lighten that load. Legal professionals are leveraging technology to streamline everything from document review to case management, allowing them to focus more on strategic and client-facing activities. - 𝗖𝗹𝗶𝗲𝗻𝘁 𝗘𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗿𝗲 𝗘𝘃𝗼𝗹𝘃𝗶𝗻𝗴: 𝟲𝟲% 𝗼𝗳 𝗰𝗹𝗶𝗲𝗻𝘁𝘀 now prefer firms that use technology to improve communication. They want real-time updates, instant responses, and the convenience of digital tools. This isn’t just about speed - it's about staying relevant and responsive to today’s fast-paced world. 𝗗𝗮𝘁𝗮-𝗗𝗿𝗶𝘃𝗲𝗻 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀: AI is also enabling firms to spot trends and optimise their approach with greater precision. It's not just about doing more work - it's about working smarter. Legal professionals who embrace these tools are using data to make informed decisions, improving outcomes for clients and firms alike. AI is no longer a bonus; it’s essential for improving service, streamlining operations, and staying competitive in today’s market. Whether you’re in litigation, corporate law, or private practice, adapting to this tech is becoming non-negotiable. If you're looking for a role where innovation and law meet, let’s connect. I’m partnering with firms at the forefront of this change, and I am keen to connect talented individuals with innovative firms across the UK. 📞: +(44) 7887 217589 📧: simonaconstancia@careerlegal.co.uk To read more: https://lnkd.in/et3y-Ch7 #ThursdayTrendsInLaw #AIinLaw #LegalTech #FutureOfLaw #LegalInnovation #ClioTrends #LawandTech

As more legal work is automated, forward-thinking law firms will focus on self-service and new billing methods, the chief revenue officer of Definely predicts. Good insights in this Legal Dive post. #LegalTech #LegalInnovation #generativeAI #LegalTechHub #LegalTechNZ

In the ever-evolving landscape of legal services, the role of technology cannot be overstated. A recent article from TechRound delves into the rising popularity of legal tech, highlighting how it's transforming the industry by streamlining operations, enhancing accuracy and ensuring compliance. The piece emphasises the importance of workflow automation, data management, and artificial intelligence in modern legal practices. These tools not only save valuable time but also reduce the risk of human error, thus increasing overall efficiency. At IDS, we're proud to be at the forefront of this revolution, offering top-notch legal technology services. Our expertise in system integration and product implementation helps law firms to seamlessly incorporate these tech advancements into their daily operations. Through our managed services, we're not just providing solutions but also shaping a better legal tech ecosystem in collaboration with other technology vendors. #LegalTech #IDS #WorkflowAutomation #DataManagement #AI #SystemIntegration #ProductImplementation #ManagedServices

When it comes to solving specific business challenges, buying software offers law firms a ready-to-go solution without sacrificing security, efficiency, or reliability. Our newest blog post covers the build versus buy conversation, exploring factors that firms need to consider in light of the rapid innovation within the legal industry, such as: 👉 Why law firm needs a comprehensive AI strategy 👉 Choosing a tech stack that works for you 👉 The lasting benefits of choosing to buy legal technology rather than build 👉 Plus, learn how Orrick, Herrington & Sutcliffe LLP supercharged productivity, knowledge access, and attorney satisfaction with DraftWise Read the full blog post here: https://bit.ly/3VqgdSu #legalinnovation #legaltechnology #GenAI

Legal business model is changing: Flat fee is going to be more profitable going forward. Hourly billing gives a lot of anxiety in procuring legal services. End customers are almost willing to pay higher in flat fee service than flying blind into a tab. The more AI is used in optimizing document creation, research and discovery the more profitable your fixed fee service is going to be.

Good morning all! I've just had a read of an insightful piece on the future of legal technology by #CARETLegal. The article delves into the importance of technology in streamlining legal processes and enhancing the efficiency of law firms. The key takeaways are the significance of workflow automation in reducing manual tasks, the role of data management in making informed decisions, and the potential of Artificial Intelligence in transforming the legal landscape. The article also emphasises the necessity of system integration and managed services for seamless operations. At #IDS, we are proud to be at the forefront of these advancements. Our expertise in product implementation and system integration is helping law firms to adapt to this digital revolution. We are committed to shaping a better legal tech ecosystem in collaboration with technology vendors. #LegalTech #IDSservices

In the ever-evolving legal landscape, the integration of technology is no longer a luxury, but a necessity. The article from #LegalFutures explores how integrated legal technology is transforming law firms, enhancing efficiency, and driving client satisfaction. The piece underscores the importance of #WorkflowAutomation, which streamlines mundane tasks, freeing up valuable time for legal professionals to focus on more complex matters. It also highlights the significance of #DataManagement in ensuring the security and accessibility of sensitive information. Moreover, the article discusses the role of #ProductImplementation and #SystemIntegration in creating a seamless tech environment. It emphasises the need for #ManagedServices to ensure the smooth running of these systems and mitigate any potential risks. Lastly, the article touches on the transformative power of #ArtificialIntelligence in the legal sector, automating complex processes and providing insightful data analysis. At #IDS, we are proud to be at the forefront of these developments, providing comprehensive legal technology services that are shaping a better legaltech ecosystem in collaboration with our technology partners. Our expertise in workflow automation, data management, product implementation, system integration, managed services, and AI positions us uniquely to support law firms in their digital transformation journey.

In-house counsel expect process efficiencies and cost savings but a majority say their companies aren’t ready for the change effects, ACC survey finds. Interesting insights in this Legal Dive post. #LegalTech #LegalInnovation #generativeAI #LegalTechHub #LegalTechNZ

From AI for litigation review to modern communication technology like chatbots and online portals... clients are looking for more from your law firm. How do legal technology CIOs choose what to implement? How do you ensure ROI on your implementations? We share insights on this topic on our blog: https://loom.ly/69MVslM