The ILTA 2024 technology survey revealed that 67% of legal firms are currently implementing cloud-based solutions, while another 13% plan to transition within a year. To aid firms in understanding these advancements, Litera hosted a CLE-eligible webinar titled 'Unlocking The Cloud: Transforming Legal Document Drafting With Cloud-Based Solutions.' The discussion featured insights on the importance of the cloud in modern legal technology, the challenges posed by system switching, known as 'Toggle Tax,' and the rapid changes in document drafting technologies that affect legal practices.
As new legal technology tools continue to emerge, the cloud becomes ever more essential. The use of the cloud not only offers efficiency but also unlocks the full potential of innovative solutions.
The 'Toggle Tax', or the need to switch systems frequently, creates significant inefficiencies and drains time from lawyers’ daily tasks, which can hinder productivity.
Rapid advancements in document drafting technologies are reshaping the legal profession, with exponential growth in software solutions leading to new and improved processes for legal professionals.
To stay competitive, law firms must embrace cloud-based solutions, as indicated by the ILTA 2024 technology survey, which highlighted that a majority are already leveraging cloud technology.
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