Legal-Tech Artificial Intelligence Market Boosts USD 37,858 Mn by 2028 with FiscalNote, ROSS Intelligence, LawGeex, Kira, Presolv360, IBM, Casetext, Lex Machina

Global Legal-Tech Artificial Intelligence Market is expected to generate revenue USD 37,858 million at a CAGR +35% for the time frame of 2021-28.

Artificial intelligence (AI) is increasingly transforming the field of law practice. Many legal professionals are aware that AI can significantly reduce cost and time while increasing accuracy. AI in the legal context is defined as technologies that are intelligent but have certain defined functions.

Legal technology now makes lawyers’ lives easier, assisting them to provide legal services in a far quicker, and more cost efficient way than ever before. The addition of technology can make each matter more efficient and therefore more profitable.

The U.S. and the U.K. are expected to be prominent countries of the Legal Tech Artificial Intelligence market. The legal services market continues to demonstrate resilience, with the UK market in 2019 estimated at around £35bn and growing.

North America accounts for a dominant share of the Legal Tech Artificial Intelligence market as a large number of Legal Tech companies are entering the Artificial Intelligence space.

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A new market report documentation has been added with extensive research elements, evaluating the diverse growth propellants in the Global Legal-Tech Artificial Intelligence Market. The report is a mindful representation of robust research activities undertaken by in-house research experts who have critically imbibed the output of various primary and secondary research endeavors in a bid to comprehend the impact of COVID-19 reflected upon the growth trajectory of the Legal-Tech Artificial Intelligence market.

Owing to the sudden onset of dynamic macro-economic factors such as the outrage of COVID-19, the Legal-Tech Artificial Intelligence market has been thoroughly affected by the current developments, thus manifesting in a myriad alterations and tangible deviations from the regular growth course of the Legal-Tech Artificial Intelligence market.

Key Players:

  • ROSS Intelligence
  • IBM Corporation
  • Casetext Inc.
  • LawGeex
  • Lex Machina, Inc.
  • Kira Inc.
  • FiscalNote
  • Luminance Technologies Ltd.
  • Apttus Corporation
  • Catalyst Repository Systems

A thorough analytical review of the pertinent growth trends influencing the Legal-Tech Artificial Intelligence market has been demonstrated in the report to affect unbiased and time-efficient business discretion amongst various leading players, seeking a strong footing in the competitive landscape of the Legal-Tech Artificial Intelligence market, which regularly gets influenced in a major way by the ongoing micro and macro-economic factors having a lingering set of implications on the global growth trends of the aforementioned market.

Legal-Tech Artificial Intelligence Market Report Segment: by Type

  • Software
  • Services

Legal-Tech Artificial Intelligence Market Report Segment: by Application

  • Legal analytics
  • Legal research
  • eDiscovery
  • Contract management
  • e-billing
  • Prediction technology
  • Others

Legal-Tech Artificial Intelligence Market Report Segment: by region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

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The following sections of this versatile report on Legal-Tech Artificial Intelligence market specifically sheds light on popular industry trends encompassing both market drivers as well as dominant trends that systematically affect the growth trajectory visibly. The report also sheds substantial light on all major key producers dominant in the Legal-Tech Artificial Intelligence market, encompassing versatile details on facets such as production and capacity deductions. Substantial light has also been shed upon other key elements such as overall production, activities practiced by key players, best of the industry practices.

Some Major TOC Points:

Chapter 1. Report Overview

Chapter 2. Global Growth Trends

Chapter 3. Market Share by Key Players

Chapter 4. Breakdown Data by Type and Application

Chapter 5. Market by End Users/Application

Chapter 6. COVID-19 impact on Legal-Tech Artificial Intelligence Market

Chapter 7. Opportunity Analysis in Covid-19 Crisis

Chapter 9. Market Driving Force

 

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