Stiff competition and cost conscious clients are forcing law firms to embrace technological innovations to improve efficiencies and reduce expenses.
Yvonne Wakefield, founder of Caveat Legal, says this global trend is good for consumers of legal services in that technology can reduce costs and speed up legal processes.
“Inefficiencies at legal firms are a key reason why legal fees are notoriously high worldwide. Innovative technological solutions designed purposefully for the legal industry can address many of these shortcomings.”
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