The legal industry faces various universal challenges; an ever-changing market, clients with high expectations and endless options, and an impending global recession.
To be successful in this modern and complex world, the legal industry needs modern and complex tooling. Thus, globally, law firms and in-house legal departments are looking for legal tech solutions that enable them to stay agile, robust, and competitive.
Rather than purchasing off-the-shelf or outsourcing development, industry leaders are increasingly taking matters into their own hands. Those at the head of the industry are self-building legal tech solutions. But why are firms doing this, and how does it offer a competitive advantage? Let’s take a look.