LegalTech Artificial Intelligence Market 2020 Global Industry research report studies latest LegalTech Artificial Intelligence industry aspects market size, share, trends, growth, business overview and LegalTech Artificial Intelligence industry scenario during the forecast period (2020-2025).

1. LegalTech Artificial Intelligence Market
2020-2025 to See Stunning Growth
Worldwide
LegalTech Artificial Intelligence Market 2020 Global Industry research
report studies latest LegalTech Artificial Intelligence industry aspects
market size, share, trends, growth, business overview and LegalTech
Artificial Intelligence industry scenario during the forecast period
(2020-2025).
Global LegalTech Artificial Intelligence Market overview:
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
plays an important role in faster and better
delivery of certain legal services at an
economical cost. Various corporate law
firms and legal departments are
implementing AI for the standardization
and review of documents. AI in the legal
context is defined as technologies that are
intelligent but have certain defined
functions. The Global LegalTech Artificial
Intelligence Market is segmented on the basis of Product Type, Application, End Use Industry and
Region. This report also covers all the regions and countries of the world, which shows a regional
development status, including market size.
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request/253429 .
On the Basis of Product Type segment, the LegalTech Artificial Intelligence Market is sub segmented
into Lawyers and Clients. Based on End Use Industry segment, the LegalTech Artificial Intelligence
Market is segmented as Document Management System, Practice and Case Management, Contract
Management, IP-Management, Legal Research/Legal Analytics/Cyber Security/Predictive
Technology/Compliance. Additionally, rising acquisitions and mergers in the legaltech industry are also
fuelling the global legaltech artificial intelligence market. However, the regular need for software

2. updates and high-cost of technologies may hamper the global legaltech artificial intelligence market
over the estimated timeline.
There are several manufacturers of LegalTech Artificial Intelligence in Europe and North America. In
North America, the demand for LegalTech Artificial Intelligence is primarily driven by the Services sector.
Among the countries in Asia Pacific, the demand was substantially high in developing countries such as
China and India. The rising funding for AI and the growing AI adoption in legal firms are major factors
driving the global legaltech artificial intelligence market growth in the upcoming years.
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Top Industry News:
eBrevia Co-Founder, Adam Nguyen, and PWC Partner, Anindya Bose, to speak at the Contract Risk
Management Summit on 14 September, 2020 -- The devastation caused by Covid 19 on commercial
contracts across the world in every industry sector. How do we manage this devastation? How do we
assess the risks, liabilities and losses? How do we manage the ongoing situation and which might
reoccur in waves going forward? How do we devise and manage future contracts?
Effective contractual risk management is fundamental to efficient business management. Contracts
often involve very big dollars and very big risks. Risks vary from regulatory, operational, financial,
reputational, non-compliance and change among many others.
Organisations with capable people and robust processes can gain competitive advantage through
savings, value improvement, full value extraction and flexibility in contract delivery.
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Major Key Players:
Some of the LegalTech Artificial Intelligence Market manufacturers involved in the market are Blue J
Legal, Casetext Inc., Catalyst Repository Systems, eBREVIA, Everlaw, FiscalNote, Judicata, Justia, Knomos
Knowledge Management Inc., Lawgeex, Legal Robot Inc., LEVERTON, LexMachina, Loom Analytics,
Luminance Technologies Ltd., Ravel Law in World, effective mergers are some of the strategies adopted
by the LegalTech Artificial Intelligence Market manufacturers. New product launches and continuous
technological innovations are the LegalTech Artificial Intelligence Market strategies adopted by the
major players.
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