Published: January 24, 2012
The countdown to LegalTech is on. This week, I'll review some major recent developments in software and services for the enterprise and legal sector, plus trends to watch out for at the conference, starting today with service providers. I'll be able to write about more releases once they're announced at show-time, so check back for our wrap up.
Consolidation in the Services Sector
First let's recap some of the major deals in the space in the last year:
Does consolidation spell doom and gloom for the services sector? Disruption, yes. But there's still plenty of room for innovation and differentiation in the market, as we'll see in the announcements around predictive coding and managed review. Also note that 35% of corporate counsel are currently re-evaluating their service providers based on e-discovery experience, as discovered in ESG's most recent corporate counsel survey. Only 6% of corporate counsel were selecting a primary national or global service provider.
2011 Developments and Future Trends
Many announcements are under wraps until show-time, but some interesting developments from the last year to keep in mind:
Based on these (and announcements we can't talk about yet), look for these trends at the show:
We'll cover more on predictive coding and other trends in posts on review tool and enterprise software announcements later this week. More releases and updates will be out during the show. Stay tuned.
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