New Technology Transforms Law Firms' Bottom Lines

Law360, Los Angeles (April 24, 2013, 6:46 PM EDT) -- Law firms are cutting costs with new technology ranging from basic tools like document assembly software to complex programs that use bioscience-based algorithms to compare contract changes. As they turn to new software and more powerful electronic devices, firms are looking to replace employees, streamline workflow and mine their extensive case libraries for valuable data.

Some experts envision a future in which attorneys routinely scan documents with their smartphones, toss bulky binders in favor of tablets and laptops, and store all data on cloud systems. They...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.