' Austin Del Priore | MTTLR

Tell Me About Your Tech Platform: Legal Technology and the Evolving Demands of Lawyers and Clients

As technology spurs innovation in most business sectors, the legal industry is increasingly adapting to a changing climate—both internally within firms and externally as client needs change. According to the 2018 Aderant Business of Law and Legal Technology Survey nearly one-third of responding firms had a dedicated employee responsible for “innovation.” According to the survey, this trend was most prominent in the largest law firms in the country, with those firms being twice as likely as smaller firms to report an employee in charge of innovation. The increasing presence of legal-specific technological innovation is underscored by the rise in companies dedicated to development of these innovative solutions. Stanford Law School has documented this rise in their CodeX Techindex, which maintains a list of companies “changing the way legal is done” under the broad categories of marketplace, document automation, practice management, legal research, legal education, online dispute resolution, e-discovery, analytics, and compliance. One such company—Doxly, co-founded by former Ice Miller partner Haley Altman in 2016—is an example of the emerging solutions available to legal practitioners. Doxly’s solution for transactional attorneys is something of a one-stop-shop for organizing documents, allowing the user to set up workflows for the individual tasks of the deal. As noted in this Forbes article on the company, in the billable-hours-focused world of law firms, it’s foreseeable that there would be hesitance to adopt time-saving technology like Doxly. Yet, it may be that an incoming tech-dependent generation of attorneys expect to have a suite of tools at their disposal to help their efficiency and ultimately to better serve their clients. While not specific to the legal profession,...