Growing Awareness about Global LegalTech Artificial Intelligence Market and Related Conditions to Drive the Market Growth.

Global LegalTech Artificial Intelligence Market is Expected to Grow at a CAGR of more than 37.7% Over the Forecast Period 2021-2030

Global LegalTech Artificial Intelligence Market added by Absolute Markets insights which offers in-depth information and understanding of the Global LegalTech Artificial Intelligence Market. This research report analyses the Global LegalTech Artificial Intelligence Market for the historical (2015–2020) and forecast (2021–2030) periods. The report provides details about drivers, restraints, opportunities and influencing the market, size analysis with respect to current and future revenue. Additionally, this report offers a snapshot of the competitive landscape of the top key players operating in the market along with the percentage market share of the top players. The report has a section on the impact of COVID-19 on the Global LegalTech Artificial Intelligence Market at the global and country levels. This analysis includes demand & supply side implications of Global LegalTech Artificial Intelligence Market in 2021. The report is made using data and information sourced from primary & secondary research, proprietary databases among others.

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The digital reforms in the legal industry have transformed the traditional courtrooms and law practices, thus strengthening the prevalence of artificial intelligence (AI) in legal technology or legaltech. The increasing burden of legal activities, carried out around the globe, over a limited number of law practioners has pushed the digitization of legal practices such as Document Management System, e-Discovery, Practice and Case Management, e-Billing, Contract Management and many others. Major law firms are adopting legaltech solutions featuring AI capabilities to tackle the growing competition and reduce the turn-around time of legal cases. For instance, CMS Legal, a global law firm, has deployed AI-based software for quick and efficient analysis of contracts and other legal documents. Data analytics in law industry can be a complex and time consuming task owing to the huge amount of paperwork. Artificial Intelligence has been recognized for its analytical capabilities and legaltech has harnessed that capability in recent years. Companies such as Luminance Technologies Ltd. are offering AI based platform for locating patterns from the loaded document and identifying deviations from standard clauses. These factors have thus catalyzed the growth of global legaltech artificial intelligence market.

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Some of the players in the global legaltech artificial intelligence market includes Blue J Legal Inc., Casetext Inc., Catalyst Repository Systems, eBREVIA, Luminance Technologies Ltd., Microsoft, PwC amongst others.

Highlights of the Global LegalTech Artificial Intelligence Market report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

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Global LegalTech Artificial Intelligence Market segmentation:

  • By Application
  • Document Management System
  • e-Discovery
  • Practice and Case Management
  • e-Billing
  • Contract Management
  • IP Management
  • Legal Research
  • Legal Analytics
  • Cybersecurity
  • Predictive Technology
  • Compliance
  • By End User
  • Lawyer
  • Civil Lawyer
  • Corporate Lawyer
  • Criminal Lawyer
  • Client
  • By Region:
  • North America
    • US.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Why You Should Buy This Report?

  • To gain an in-depth understanding of Global LegalTech Artificial Intelligence Market globally
  • To identify the on-going trends and anticipated growth in the next nine years
  • To help industry consultants, Global LegalTech Artificial Intelligence Market other stakeholders align their market-centric strategies
  • To obtain research-based business decisions and add weight to presentations and marketing strategies
  • To gain competitive knowledge of leading market players

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