Tag Archives: LegalTech

The Digital Transformation of Law: What is Relevance for Developing Countries?

I.            Introduction The legal industry as a whole is rapidly continuing to automate, digitize and innovate. Digitization is gaining in more importance, between countries that have successfully adapted to the increased use of digital technologies and those that have not and therefore risk being left behind. Accelerated by the Covid-19 pandemic, the digitalised legal service is […]

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A Change Towards How Law Firms and Legal Departments Work (Legal Operations)

I.            What is legal operations? Legal operations or shortly legal ops is not a new concept. It is obtaining more and more worldwide recognition in the legal sector as law firms and legal departments constantly seek ways to create operational efficiencies in their legal teams. Legal operations refer to the improvement of the operations of law […]

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Contracts Standardization

I.            Introduction During their daily work many practicing lawyers spent significant amount of time reviewing and preparing contracts as well as other legal documents. Most of these contracts include, more or less, the same legal concepts expressed through different words. Reviewing and drafting contracts can sometimes be costly, time-consuming and might slow down the businesses. In […]

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Basics of Cloud-Based Legal Software

Cloud. It’s something that we all have been using for quite some time. Google Drive, Dropbox, One Drive are just some of the widely known examples of cloud-based software or better say cloud storage solutions in this case. Many internet users and also lawyers use Google Mail on a daily basis. This are just a […]

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Virtual Law Firms and Their Impact on the Legal Industry

I.            Introduction For a long time technology has been a catalyst for change through empowering organizations to increase their productivity and offer opportunity to adopt more competitive business models rather than those traditional ones. As part of this change, we recently started to witness the increased number of “virtual law firms” that are redefining the shape […]

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The Positive Impact of LegalTech for Mental Health of Legal Professionals

I.            Introduction In recent years, we are becoming increasingly aware of the importance of physical and mental health. The latter has been a topic of discussion among people and experts for many years, especially after the two-year-long pandemic. Poor mental health is a silent but complex issue which still has a lot of stigma, especially in […]

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How to Create Simple Smart Contract

I.            Introduction It can be quite challenging, especially if you are new to this field, to learn and understand the technology supporting smart contracts. Even experienced developers are frequently taken aback by how complicated creation of smart contracts might be. With this article, our intent is to delve into basic technical details of creating smart contracts. […]

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Legal Analytics: Benefits and Limitations

I.            Introduction In the modern world, the wheels of technology and innovation are spinning faster with each day that passes, and the wind of discovery is reaching almost all paths of sectors of life, and the legal sector is here no exception. One of ways the legal sector is changing lies within the introduction of technology […]

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The Birth of a New Legal Era: Decentralized Justice

I.            Introduction Nowadays, phrases such as ‘the justice system can not be trusted’ have become common language. The extremely long and dense processes often lead to unresolved conflicts and miscarriage of justice. The traditional system has many times been proven as inefficient, not only for handling domestic cases, but also a large number of cases across […]

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Legal Chatbots and Increasing Productivity of Legal Practice

I.            Introduction Although the trend in recent years is changing, the “time is money” aphorism is still present among lawyers since most of them charge for their services on an hourly basis. However, not every task of running a legal practice is billable, in fact, most of them are not. 2020 Legal Trends Report found that law firms […]

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