Technology is Bringing Legal Advice and Documents to the Masses
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Technology is creeping ever faster into the $200-billion U.S. legal field, shaking up an industry that has long been defined by tradition and dominated by white-shoe firms.
Law firms are already adapting to seismic shifts in the industry. The collapse of several big ones and the downsizing of many other firms during the economic turmoil left thousands of lawyers out of work. Survivors faced a stark new landscape in which clients demanded more flexibility and an alternative to the tradition of billing by the hour.
Industry experts say the industry is ripe for big tech shake-ups, including new innovations on social media and apps for smartphones and tablets.
“As software becomes more intelligent, we will have digital apps that can either substitute for the labor of lawyers or will assist a lawyer in being more productive,” said Richard Granat, co-director of the Center for Law Practice Technology at Florida Coastal School of Law.
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