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James Goodnow of Fennemore Craig. February 8, 2016. Photo by Travis Neely. James Goodnow of Fennemore Craig. February 8, 2016. Photo by Travis Neely.

It doesn’t take a financial expert to see that legal technology is a hot market, with some estimates placing legal tech investment above $1.2 billion. However, there’s no guarantee that those technologies will succeed—companies and law firms alike need more than just money to stand out and grow, after all. With industry shifts and M&A activity continuing at a rapid pace, staying on top of all the new legal technology products may be near impossible to master. But for many law firms out there, it’s a necessary task in the face of a changing industry.

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