Legal technology trends – insights from 751 legal professionals – Wolters Kluwer

About Wolters Kluwer
Wolters Kluwer is a global provider of professional information, software solutions, and services for clinicians, nurses, accountants, lawyers, and tax, finance, audit, risk, compliance, and regulatory sectors.
Select Language
Visit our global site, or select a location
Trusted clinical technology and evidence-based solutions that drive effective decision-making and outcomes across healthcare. Specialized in clinical effectiveness, learning, research and safety.
Tax & Accounting
Enabling tax and accounting professionals and businesses of all sizes drive productivity, navigate change, and deliver better outcomes. With workflows optimized by technology and guided by deep domain expertise, we help organizations grow, manage, and protect their businesses and their client’s businesses.
Our solutions for regulated financial departments and institutions help customers meet their obligations to external regulators. We specialize in unifying and optimizing processes to deliver a real-time and accurate view of your financial position.
Enabling organizations to ensure adherence with ever-changing regulatory obligations, manage risk, increase efficiency, and produce better business outcomes.
Serving legal professionals in law firms, General Counsel offices and corporate legal departments with data-driven decision-making tools. We streamline legal and regulatory research, analysis, and workflows to drive value to organizations, ensuring more transparent, just and safe societies.
Future Ready Lawyer Survey: new and improved legal technology capabilities are driving greater resilience, improved client relations and higher performance for many organizations in the industry across Europe and the U.S. 63% of technology leading law firms report their profitability increased over the past year – more than any other firms.

In the fourth year of the Wolters Kluwer Future Ready Lawyer Survey, it’s clearly shown that year after year, technology continues to be a critical differentiator for higher performance in the legal sector, and demand continues to grow.
The 2022 Survey identified industry trends across Europe and the U.S. that show:
The need for technology as a key driver of improved performance, efficiency and productivity is undisputed. Yet organizations struggle to optimize their use of technology, signaling improvements are still needed in change management and training on new tools.

The increased use of and investment in technology solutions continued in 2022 and are projected to gain more ground ahead. Corporate legal departments – faced with higher workloads and budget constraints – have turned to technology to automate work and improve productivity. Law firms, confronted with changing client expectations, the demand for higher productivity and growing competition, are also turning to technology for help.
The data is clear: Technology Leaders (organizations that most effectively leverage technology) thrive. Year after year, they outperform other organizations across several important metrics and demonstrate why investing in and applying the right technology matters. 63% of technology leading law firms report their profitability increased over the past year – more than any other firms.

In 2022, 54% of organizations identified themselves as Technology Leaders, 44% as Transitioning. The number of organizations identifying as Technology Leaders rose from previous years (40% in 2021 and 39% in 2020). Technology Leaders have shown their superior resiliency, agility and performance through a pandemic and across a quickly changing legal landscape.
Lawyers want to work in tech-savvy legal organizations. 87% of corporate lawyers and 83% of law firm lawyers say it is extremely or very important for them to work for an organization that fully leverages technology. Today’s talent has very high expectations for access to the latest tools, and technology that enables agility, change and the ability to work remotely.
The 2022 Wolters Kluwer Future Ready Lawyer Survey: Leading Change Report provides insights from 751 legal professionals across Europe and the U.S. Download now and learn more about LegalTech >>
When you have to be right
© 2022 Wolters Kluwer N.V. and/or its subsidiaries. All rights reserved.


Leave a Comment