Legal Technology for Law Firms: Determining Roadmaps for Innovation

Abstract

Abstract The business model of many law firms, as legal professions on the whole, will be facing a considerable paradigm change since the work provided by law firms in the form of billable hours, in fact, largely consists of services which do not require superior legal education but involve mere data procession. It is only a question of time that the consequence – to have all outsourceable services be performed by means of legal technology – will become public knowledge in the branch, as the costs saved by the usage of legal technology are considerable. Legal technology, or Legal Tech, in this context represents a broad range of solutions that affect both lawyers and clients on various levels. However, the discourse on automatisation of law has been scant and sporadic. This paper aims to shed some light on the current operating technical solutions for innovation with the primary aim of explicating the different aims and levels of development of different legal technologies.