Extract from Lucy Saddleton’s article “Legal Departments Still Reluctant to Embrace New Tech, Despite Benefits: ACC Report”
While tech digitization is having a profound impact on the legal industry, a majority of legal professionals say they are falling behind when it comes to implementing crucial transformation initiatives. This is one of the key findings from a new legal transformation survey report by The Association of Corporate Counsel and DISCO – a provider of AI-enabled legal technology.
Legal departments that prioritized adopting technologies for improving internal investigations are benefitting from improved productivity, mitigation of privacy and security risks, reduced costs, and better chances of favorable litigation outcomes, the report found. However, even with these clear technology-driven benefits, survey findings showed that 70 percent of legal departments have not prioritized adopting technologies for improving key automation and data management processes.
The 2022 Trends in Legal Transformation and Technology Report captures analysis from over 270 law department leaders and legal operations professionals, and derives insights into the current state of technology adoption and innovation.