Challenges and Opportunities in Legal Technology

Joan develops leads technology initiatives for the firm. Her duties include producing and implementing technology policies, setting and managing technology budgets, and approving technology contracts and agreements, in addition to overseeing all aspects of the firm's information technology.Key Takeaways:We need to understand generative AI better. We need to figure out the use cases where AI can be helpful. What it looks like in five years will be very different than what it is today.AI can help with research. It can help with deposition preparation. Some new AI solutions can help with summarization and comparisons, which can potentially provide value.We need to educate the legal workforce to make good decisions about AI. The workforce also needs to understand algorithms so that they can be used effectively.Technology should be used to do administrative and repetitive tasks so that legal professionals can do the higher-value, strategic work.Collaborative tools have helped speed up the pace of business, and it has continued to increase over the last few years with the pandemic.Young lawyers and client requirements are driving law firms to use more legal technology. Clients want to collaborate and share content more interactively than in the past.