Welcome back to Inside Track! Earlier this week, Ernst & Young published a report which showed that over the next couple of years, most legal departments plan on reducing legal spend.
Because companies are reducing legal spend, they may miss out on implementing new legal technologies. Many of the respondents indicated that they wanted greater use of technology in their legal departments, 32% of respondents cited budget constraints for their inability to implement that technology. Thirty-six percent of respondents cited “ongoing business-as-usual pressures” for the inability to implement legal technologies.
