What Awaits Legal Tech 2018-19?
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The legal tech industry says that growth is not only the growth in the number of products, but also the number of customers which grows proportionately with the trend to introduce innovations among lawyers.
Online dispute resolution. In May in the US, a conference, organized by Codex – The Stanford Center for Legal Informatics, was held about the future of the law. The President of the American Bar Association, Hilarie Bass, asked a rhetorical question: “Why should we go to court for a resolution of small claims for three minutes in order for the judge to postpone the trial for another 6 weeks?” Everything will move towards ODR (online dispute resolution).
These are the niches whose products will have great potential and chances for development all around the world. Market demand is confirmed even by the criteria of inquiries not only from consumers but by requests from investors.
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