Feature

4 Places BigLaw Is Putting Its Tech Budget Dollars

Law360, New York (February 7, 2018, 1:56 PM EST) -- A significant segment of law firms have loosened the purse strings to increase their technology budgets in the past year, and BigLaw firms are leading the pack and investing in at least four key areas.

The legal industry has too often been behind the curve in technology research and development in part because the way firms are structured means they pay out everything they earn every year and in part because firms have not always recognized the need to invest in future systems that may not pay off for many years, according to experts.

Last year, however, 42 percent of firms...

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