The economic ravages of the pandemic aren’t discouraging legal departments from pursuing technological transformation, and it may even be driving more into the arms of alternative legal service providers, according to the 2020 Legal Department COVID-19 Survey that Deloitte released on Monday.
Among respondents, 62% of executives expect legal digital investments despite general cost-containment measures. The report solicited responses from 131 chief legal officers and senior legal and compliance executives, who cited technologies such as artificial intelligence/natural language processing, robotic process automation and contract life cycle management as priorities for investment.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
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]