Technology Sector Report May 2020 – Technology & Legal Sector

Technology Sector Report May 2020 – Technology & Legal Sector

Robert Walters and Vacancysoft

May 2020

Whilst the Legal Profession has remained relatively immune to the disruption brought about by technology relative to other sectors, increasingly that is likely to change.

Traditionally the sector has chronically underinvested in technology, spending on a per capita model up to ten times less than financial services institutions. Equally, as the technology has advanced, forward-thinking firms have been able to create a competitive advantage, through creating innovation labs, VC arms and partnerships with development firms.

Now what is happening is the impact of Artificial Intelligence, Automation within Due Diligence, GDPR, IoT and Cyber Security are leading to technology taking an increasingly central part of Law Firm management. Now with the Covid19 Crisis, this is
leading to a change in the nature of work itself.

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