How Leasing Aligns Finance, Operations and Tech Needs for Your Firm – CoreTech

How Leasing Aligns Finance, Operations and Tech Needs for Your Firm – CoreTech

The top three concerns of chief legal officers, according to the Association of Corporate Counsel, relate to law firms’ cybersecurity abilities and governance over their data. Technology adoption, not surprisingly, has become a central strategy that firms leverage to meet client demands — but few people were likely to forecast just how large the legal tech market would become in such a short period of time. Legal tech investment reached $1 billion in 2018, as reported by AI legal tech startup, LawGeex.

Despite this investment in technology, the actual adoption of it hasn’t been easy, let alone a cure-all. In this way, legal is no different than any other vertical — selecting and owning a technology are very different from its successful implementation and adoption to improve operations. That’s why we see ILTA’s 2018 Technology Survey listed cybersecurity and technology updates as the second and third most recurrent concerns for firms.

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