Digital transformation is changing the way legal advice is delivered, with smart technologies enabling new digital products and automated processes. It is already apparent that legal tech will play a major role in tomorrow’s legal services landscape.
Why legal tech matters for your organisation
More and more industries are changing as a result of digitisation. The response from government is tighter regulation. Companies simultaneously face greater cost pressure due to growing competition.
In this disruptive environment, demands on legal departments are also increasing. Digitisation of the legal market raises additional legal issues that need to be addressed – mostly without additional resources being available. As a result, legal departments are being forced to standardise their commodity business and optimise delivery of their higher-value services.
Legal tech can help you better organise your legal services and transition from being a simple problem solver to a management unit that plays a proactive role within the company. With the aid of legal tech applications, you can:
- Reduce workloads by eliminating redundant tasks
- Boost efficiency through improved collaboration
- Promote innovation thanks to new services
A legal tech firm: CMS is a pioneer in digital products and processes
At a time when new, innovative players are disrupting the established legal market, CMS has embraced legal tech and is actively promoting digital transformation within the legal industry.
CMS is one of a handful of major law firms in Germany to have had specialist departments dedicated to legal technology for several years now. Our digitisation experts have developed structures that provide operational support for digital products and processes, while also ensuring continuous development. Our legal tech efforts are mainly focused on digitising analogue services, plus the automated evaluation and analysis of project information. The main goals for our legal tech teams are to improve processes within the organisation and enhance cooperation between project participants.
Legal tech know-how from multiple perspectives
The legal tech teams at CMS combine the knowledge and experience of numerous experts from a range of different disciplines. These experts include lawyers, transaction staff and project lawyers as well as business economists, programmers and many more. Together, they not only create stand-alone digital solutions for deployment in your company, they also use legal tech applications to provide operational support and assist with projects – from project launch through process modelling to completion and post-project evaluation.
In addition to products and solutions developed by our own legal tech teams, we provide clients with proven legal tech apps from third-party developers. These high-end digital solutions offer legally compliant implementation and efficient management of your legal advice project.
Alongside our work for clients, CMS is also helping to shape the legal tech market in a number of different ways. We are a founding member of the European Legal Technology Association (ELTA), co-publisher of the BUJ studies Legal Management of Innovation and Digital Economy & Law, and a regular participant in national and international conferences on digital products and process solutions.