Faced with the data deluge, information complexity, ever-changing client requirements, and shifting market dynamics, the legal industry is turning to technology to accomplish better outcomes. With pressure on legal professionals rising from a series of trends that can impact their organizations, companies in this realm are struggling when it comes to adopting and understanding the benefits of new transformational technologies. Considering the requirements for adequate supply of legal content in law firms, today’s legal tech solution providers are bringing the best of new-age technology without dispelling legacy systems altogether in order to help attorneys make informed decisions. Aimed at providing content that is tailored as per the unique necessities of respective attorneys, these technology solution providers are already creating a stir in the landscape.
In the wake of this transitory period experienced by the legal space, CIO Applications has compiled a list of Top 25 Legal Tech Solution Providers 2019 to highlight the robust legal tech solutions these firms bring to the table. This edition intends to guide the organizations dealing with all branches of law in harnessing the true potential of technology to resolve challenges, thereby reducing workload and increasing efficiencies through customized content for attorneys.
As legal organizations continue to seek advanced methods in an attempt to eliminate complexity in running legal tasks, we are delighted to feature Lex Machina on our annual list of legal tech solution providers. The company takes an integrated approach to develop its legal analytics platform, well-equipped to provide the right data and insights to its clients. Thanks to its Lexpressions engine powered by natural language processing (NLP) and machine learning (ML), Lex Machina helps legal practitioners receive data sets to help them predict behaviors and outcomes generated from different legal strategies.
Treading on similar lines, InfoNgen offers a text analytics and sentiment analysis solution, enabling users to efficiently find hidden patterns in structured and unstructured data. The solution automates the content delivery process via a smart search platform, thereby helping knowledge management teams ensure quality content to the attorneys, also helping them keep track of their content subscriptions. Redefining the legal tech space with an end-to-end approach for data governance issues, Congruity360 is ensuring secure, agile and up-to-date data, while exposing only reliable data sets empowering businesses to make intelligent decisions with its three innovations—Hold360, Discovery360, and Classify360.
On the other hand, revolutionizing the industry with optimized enterprise legal spend on outside counsel through a proprietary AI-backed platform is Bodhala. The company equips law firms with the necessary data in order to facilitate crucial business decision making. The list also includes Celant Innovations that is equally adept in accommodating customers’ feature requests promptly with its document automation technology.
With several innovative technological capabilities and success stories up their sleeves, the aforementioned solution providers are constantly proving their mettle in the legal tech landscape. We hope this issue of the CIO Applications helps you build the partnership you and your firm needs to foster a technologically-driven business.
We present to you CIO Applications’ “Top 25 Legal Tech Solution Providers 2019.”