by existing technology, McKinsey estimates in a study last updated in 2018.
In-house teams are typically less risk-averse than law firms, explained Hannah Seal, principal at Index Ventures, and so tend to be early adopters when it comes to technology. A partner at a firm might then notice the software's potential, and bring it to the firm.Top VCs say these 9 legal tech startups are poised to take off as clients pressure law firms on costs
"Software automation carves out the rote processes, allowing lawyers to focus on creativity, and redirect attention and resources toward value creation for clients," said Vas Natarajan, partner at Accel. "You can gain these skills doing high-value work rather than forcing yourself to do what a machine can do better," said Index Ventures' Seal. "And I think you'll see an increasing move away from the mundane and into the more cerebral, value-add, trusted advisor-type role."
Chung explained that as long as Big Law continues to operate as a large, "military" operation, there's no financial incentive to shake up its business model, which is centered around the high value of human time .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top business news: Big Tech, Exxon job cuts, Young Living Empire - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. money. FacebookApoiaCensura When were tech companies ever genuinely interested in tech lol. Tech is just a means to make the most money.
Source: BusinessInsider - 🏆 729. / 51 Read more »
10 traits of a 'perfect' boss, according to research by Google - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. pablobrenner Google I'd rather have a leader than a boss, but whatever.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Women will leave the workforce absent a childcare industry bailout - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. So you’re saying women are so concentrated on being a mom that they’d leave work? Hmm not very feminist of you. Why is more government always the answer.
Source: BusinessInsider - 🏆 729. / 51 Read more »
8 jobs that are the best suited for working remotely, according a career expert - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock picks to buy, 16 global tech companies with 20%-plus upside: UBS - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »