Information overload: big data threatens business model of even the elite law firms
Law firms are increasingly turning to big data to extract more value from the thousands of briefs, memos, pleadings and legal records they produce every day, allowing them to develop a more joined-up approach between research, case workflow, pitch preparation and sales. But by changing the way they do business, law firms are also exposing themselves to a new set of threats and opportunities.
Legal sector is ahead of the game on extracting value, but there are competitive risks over pricing
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