The Legal Technology Future Horizons report, to be released by the International Legal Technology Association in January, examines the potential impact of technology advances on the legal industry over the next decade. Fast Future, of which the author is CEO, worked with the ILTA on the report. Here are 10 observances that might be surprising from our survey:
• New entrants—different but the same? A significant majority (76.7 percent) of respondents expect that technology companies will increasingly enter the legal industry, using disruptive innovations to provide direct legal service delivery. However, only 31.7 percent of respondents said they think this will result in the bulk of legal services being commoditized and highly automated, with only a small number of firms providing premium-priced advisory services.
