Legal departments are expected to begin shelling out serious money on technology, while shedding generalist in-house lawyers as a way to cope with bigger workloads, hiring freezes, and more demands for efficiency and cost cutting, according to a forward-looking report from Gartner Inc.
The legal and compliance practice arm of Gartner, a research and advisory company based in Stamford, Connecticut, predicts that 12% of in-house budgets will be devoted to legal tech by 2025, compared with 3.9% in 2020 and 2.6% in 2017.
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