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Why Financial Services Are Embracing Legal Tech

Nine reasons for implementing modern tools to manage the growing volume of legal work in uncertain times

Summary

The global pandemic, social unrest and geopolitical volatility have all created uncertainty. Despite this, the state of the market is such that the financial services sector is growing.

As such, today’s in-house legal teams face a multitude of competing pressures – like reducing costs even while the pace and volume of legal work climb. These pressures are driving many legal departments to adopt legal tech to support process innovation, optimize the legal function and use data to achieve better legal outcomes.

This report, co-presented by Apperio and Morae Global, aims to help financial services firms evaluate the key drivers for implementing modern tools to manage the growing volume of legal work in uncertain times.

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