In 2019, the world collectively achieved a GDP of $87.5 Trillion. This economic activity results from millions, if not billions, of transactions for the purchase and sale of goods and services, with each transaction being
Markets have evolved dramatically over the centuries with the world moving from traditional markets like souks and bazaars to eCommerce. The differences in efficiency between the two are staggering with buyers and sellers now enjoying faster transaction cycle times, lower administrative costs, and, most important, greater value derived from their purchases and sales. A number of factors contribute to this development.
Continue Reading Competition based on better commercial contract terms (211)
Clients and lawyers are attracted to technology because of the enormous potential for better, faster, and more efficient legal work. No one in the legal industry disputes that technology is integral to our future. Despite this relatively positive and uniform outlook, however, legal tech as an industry remains notoriously risky, primarily because of long sales cycles, limited exposure to potential issues and concerns of end-users, and lengthy deployments that fail to deliver on the many promises made in order to make the sale.
Continue Reading A product-led growth strategy for legal tech, explained (197)