Tech Spending
Tech Spending To Grow 9% Globally, Driven By AI
New data from ratings agency Standard & Poor’s (S&P) has estimated that IT spending on a global basis rose in 2024 by 8.3% – a …
Legal Tech Funding
Legal Tech Burn Rate Dips For 1st Time Since 2018
New data from Legal Complex has shown that the burn rate for legal tech companies dropped in 2024, the first time it has done so …
Gov AI Plans
Sovereign AI Plan Could Mean £££ For UK Legal Tech
Following on from the earlier story about the UK Government’s new AI Action Plan (see here), there is one item that this site has spotted …
Gov AI Plans
Will UK AI Action Plan Help Legal + Legal Tech Sectors?
Today, the UK’s Prime Minister, Sir Keir Starmer, has announced the formal launch of the ‘AI Opportunities Action Plan’, a wide-ranging State-backed effort to drive …
Legal Speed
What If Lawyers Were Rewarded For Speed?
‘I feel the need, the need for speed!’ Tom Cruise exclaimed in Top Gun, but do lawyers and their clients feel the same way? And …
Associates
Will Law Firms Need Fewer Junior Associates?
New data from Thomson Reuters suggests that law firms now have fewer junior associates than before, as a proportion of the total fee earners. Meanwhile, …
Legal Tech Costs
Legal Tech Costs Are Rising…A Lot
New data from Thomson Reuters shows that the expenditure on tech products at US law firms is rising considerably each year, with increases of 6% …
Big Four
If KPMG Can Offer US Legal Services Will It Change The Market?
Big Four firm KPMG is applying for a special ABS licence in Arizona to provide legal services in America. But, if it gets permission will …
Funding
2024 Saw Record Legal Tech Funding, But Far Fewer Deals
Data from Legal Complex has found that 2024 was a record year for legal tech funding, which is good news. But, it also saw a …
GenAI + Inhouse
Spellbook Expands Into In-House Teams With Playbooks
By Scott Stevenson, CEO, Spellbook. Today, Spellbook is officially expanding to support the entire in-house legal market with the launch of Playbooks. Thousands of law …