Technology plays an important role in everything from pizza delivery to grabbing a ride, so it shouldn’t surprise any lawyer worth their weight in Bitcoin that technology has taken over the legal world too. In light of the upcoming Legaltech 2018 event in New York, we’re discussing the top legal tech trends that will have an impact on your firm in 2018—the good, the great, and the inevitable.
Artificial intelligence (or “AI”) is intelligence displayed by machines as opposed to natural intelligence, which is displayed by humans (and, less frequently, opposing counsel).
AI already has its digital fingerprints on the legal industry, where lawyers are using it to augment (not replace) more traditional legal services; in other words, letting the computers take care of time-consuming and dull tasks, so they can focus on getting results for their clients.
Personal injury litigation generates a ton of data: witness statements and court logs and electronic filings, oh my! And while the keys to winning cases are often found in that data, little progress has been made on how to properly use those keys...until now.
Attorneys are focusing on tools that mine data for research and case management purposes; tools like CloudLex’s soon-to-be-released Business Analytics app-which uses key performance indicators to help firms decide whether they should take on new cases through detailed reports and intuitive graphics.
A top legal technology trend for 2018 (and the rest of eternity) is cybersecurity. Law firms are harbingers of confidential information and, therefore, are often prime targets for data thieves. Highly sophisticated cybercriminals are running all kinds of scams (phishing, viruses, ransomware) for all sorts of reasons (personal gain, protest, boredom) against all-sized firms.
A single breach in data security can lead to business interruption, costly litigation, regulatory scrutiny, and (perhaps, most damaging) a loss of trust and goodwill with your clients.
Virtual Law Firms
Mobile technology has reshaped what it means to go to work—drafting a brief doesn’t even require putting on briefs. Between powerful mobile devices and next-gen cloud computing, attorneys and legal professionals alike can work from anywhere, at any time, on any device-thus creating “virtual law firms.”
This time savings leads to a better work-life balance for employees—allowing them to take on more clients, hang with their kids, and forget to put on pants.
Automation is often used interchangeably with AI, but, in practice, there’s a big difference. Automation is a system programmed to follow pre-defined rules (i.e. telling your kids to brush their teeth before bed), whereas AI is meant to mimic human thinking (i.e. your kids learning to do it on their own).
Basically, automation handles routine tasks, so you can be less of a robot when dealing with other humans. While the lack of standardization in the legal profession makes automation difficult, we believe that the industry’s shifted focus towards efficiency will make finding automated solutions a top priority in 2018.
Also Read: The Hottest Legal Technology Trends for 2019
Improved Client Communication
The wave of the future is not just eased collaboration with colleagues, but increased collaboration with clients; however, until recently, client communication has been both ineffective and unsecure.
Moving forward, we expect personal injury practices to share vital updates and case information through centralized and secure portals—meeting heightened ethical standards and leading to increased efficiency for clients and attorneys alike.
A prime example is CloudLex’s Client Messenger app, which allows attorneys and clients to share and view information at their discretion in a simple and secure environment.
Now that you have a look into the top legal tech trends of personal injury litigation, you’re ready to invest in your own future. Time travel over to CloudLex’s website and sign up for a demo…it’s a surefire way to stay atop personal injury practice in 2018 and beyond.