The legal technology sector is witnessing an escalation in prices in a trend reflecting the rising tide of global inflation. Despite still being a relatively recent addition to the legal sphere, legal tech has rapidly entrenched itself as a key element of daily operations within modern corporations and law firms across the globe.
Law.com reports that anecdotal evidence and industry tracking signals a marked shift in the pricing landscape of legal tech solutions. This information has been captured as part of the Barometer newsletter from Law.com, which is powered by the ALM Global Newsroom and Legalweek.
Countless legal practitioners now rely on innovative tech solutions to expedite processes, streamline workflows, and manage data, creating a high demand arena that is currently experiencing pricing pressures. Law.com’s Barometer newsletter brings light to these shifts and additional pivotal legal trends on a weekly basis, proving to be an invaluable touchpoint for those within the sector.
The upcoming Legalweek 2024, running from January 29 to February 1 in New York City, will potentially serve as an industry forum for these shifts to be discussed amongst thousands of legal leaders attending the event. To access the Barometer newsletter or to register for the Legalweek conference, refer to the relevant channels.