Why General Counsels Are Increasing Up Investments in Legal Technology?

5 Primary Reasons

1. Geopolitical influence
2. Workload growth
3. AI Revolution
4. Rising compliance demands
5. Budget Pressure, Cost Control and Sustainability

General Counsels (GCs) across mid-to-large tier companies worldwide are dramatically increasing their investments in legal technology, marking a fundamental shift in how in-house legal departments operate. This transformation is driven by compelling data showing substantial efficiency gains, cost savings, and the strategic imperative to do more with less while delivering greater value to their organizations.

Large companies now spend approximately $600,000 annually on legal technology, generating substantial returns through reduced manual work, faster contract processing, and improved risk management. For example, contract automation can reduce processing time by 90%, transforming 2-hour tasks into 12-minute processes, as per ContractPodAi These efficiency gains free lawyers to focus on strategic, high-value work while significantly reducing reliance on external counsel.

Sources: Gartner, Thomson Reuters, EY, FTI Consulting

For to those are in process of LegalTech adoption

"Success with legal technology depends on a firm foundation for digital readiness. Teams with higher levels of digital readiness are nearly twice as likely to see significant benefits from their  technology systems — but less than a quarter of legal departments are digitally ready ~ Gartner reports.

As legal technology continues to evolve, the role of general counsel is also evolving. General counsel must not only be legal experts but also technology leaders, guiding their organizations through the legal technology frontier. By adopting a strategic approach to deploying the legal tech tools in their department, communicating its benefits, ensuring ethical use, and investing in training and development, general counsel can position their legal departments for success in the evolving digital age.

Get Your LegalTech Requirement Assessment Done

If your legal department is considering the adoption of legal technology—or is still in the early stages of exploring what’s possible—now is the ideal time to seek strategic guidance.

Before deploying any LegalTech tool, understand organization’s legal workflows, business models, and budgetary constraints is a must. A comprehensive assessment of your internal processes and key pain points, ensuring the the legal tech solutions chosen are not only fit-for-purpose but also scalable and aligned with your strategic objectives.

If below are your priorities, let's connect!

• Identifying the most suitable legal tech tools across all functions of your department [from contract management and compliance to litigation support and knowledge management, IPR etc].
• Curating right budget and building a business case that demonstrates clear ROI.
• Ensuring easy deployment through personalized roadmap that minimizes obstacles and eases adoption.
• Providing targeted training so your team be equipped to leverage new tools, for better outcome.

Deploying technology is just the first step, ensuring your team uses it effectively is where true transformation happens.

Let us help you adopt the rapidly evolving legal tech landscape!