As part of Artificial Lawyer's continuing series about
emerging legal tech markets around the world, today's guest post about Belgium is brought to us by...
Not exact matches
London is
emerging as a global leader in law -
tech, with an increasing number of high growth international
legal start - ups choosing the city as their second
market.
In time, as with other
markets, more AI applications will no doubt
emerge from homegrown
legal tech entrepreneurs in the Nordic region.
To better accommodate
market demands, many non-traditional
legal service providers (
tech - enabled firms, software automating
legal work, non-traditional law firms etc.) have
emerged.
We may perhaps see two or three major
legal AI suites of this type
emerge, with perhaps two or three other smaller suites of New Wave
legal tech that focus on such a specific part of the
legal market that they are able to form standalone groups of software, just as today we have Adobe and its mass of design software standing outside of the other aggregated software suites.
In 2008, forces that had been bubbling below the surface, long suppressed by the 25 - year bull
market for
legal services,
emerged to accelerate fundamental change akin to those that follow deregulation, most notably, out - of - category competition, such as law firms are seeing from
legal -
tech startups, «offshoring,» and other consultancies, and a decline in pricing power.
Using CB Insights and analytics, we identified 50 startups working in
legal tech, and categorized them into a
market map spanning key
emerging categories such as electronic discovery, law practice management, and online
legal services.