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Legal Trends that will Drive Success in 2019 – Infographic
The landscape of the legal industry has changed dynamically in recent years. As the business culture is becoming more “fast, fast, fast,” it has become vital for lawyers to keep up with the legal trends. The evolving technology trends are tremendously impacting legal businesses, and they are facing their fair share of ups and downs. However, those ups and downs typically drive innovation in the legal industry.
According to a survey by Gartner, 68% of corporate legal attorneys are struggling to manage their workloads. Since then, rising business activity has only intensified these pressures. In the recently released reports, over half of corporate lawyers reported some degree of exhaustion.
Undoubtedly, new technologies and workplace models are reshaping the operations of law firms and allowing them to meet their client’s needs better than ever.
With economic uncertainty looming, law firms are under increased pressure. So, what are the key pressures on trust, estate practitioners, and lawyers? What must firms do to stay ahead of the curve while maintaining healthy work-life balances and ensuring staff retention?
Over the years, legal firms have dramatically changed how they run law practice operations and handle clients. With the advent of new legal trends, law firms are becoming more efficient, productive, and competitive in the global market. On the other hand, some trends are changing law firms’ demographics, attitudes, and work styles.
As outsourcing is in trend, more and more law firms are embracing legal outsourcing services. Choosing these services or moving some legal operations to a third-party service provider has enabled many companies to earn a higher profit and drive business growth. To thrive in the legal market and stay ahead of competitors, lawyers must get on board with some or all of these legal trends.
Top legal trends that will rule in 2019 and help legal firms to be more efficient and productive:
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