Corporate legal practitioners may find themselves continuing to gravitate toward technology that can lessen their reliance upon outside counsel. However, those initiatives could be hampered by the general lack of understanding surrounding both technology and ongoing innovation efforts inside departments.

Released last week, the 2020 Wolters Kluwer Future Ready Lawyer Survey collected responses from 700 legal professionals working in the U.S. and Europe, with 51% indicating that they expected their corporate legal departments to increase spending on technology over the next three years. Dean Sonderegger, senior vice president and general manager of Wolters Kluwer Legal and Regulatory US, believes that some of that spend will continue to go to “hygiene activities” like matter management or tools designed to track, negotiate or draft contracts.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]