Top 9 Legal Operations Trends of 2024

1. Legal Technology is Taking Over Operations

Back then, legal tech tools were only nice-to-haves. In today’s more competitive legal landscape, these tech solutions have become necessary.

Automation and data analytics tools are leading this huge shift to modernized legal tech. Automation transforms repetitive and time-consuming tasks into faster, more consistent processes. These can include anything from document preparation to administrative tasks like scheduling and billing.

Data analytics is also making a big splash. With these tools, law firms can dig into big data to pull out useful insights that inform better decision-making.

Accessibility is another huge plus. With online legal services and virtual law offices, it’s getting easier for more people and small businesses to get legal help without breaking the bank.

2. Alternative Fee Arrangements

Law firms are opening up to innovative financial solutions. The age-old tradition of hourly rates for lawyers is falling out of favor.

In its place, alternative fee arrangements are making headway. These new pricing strategies promise better cost control, which firms find attractive. On the flip side, alternative fee arrangements give clients predictable legal costs and better budget management

This shift reflects the changes in the legal landscape where value and predictability in billing take center stage for clients and their legal service providers.

3. Vendor Management

Vendor management tools have made it much easier for law firms to handle relationships with outside lawyers. These tools keep things organized and make sure that these external lawyers are up to scratch with the department’s standards.

They’re also great for keeping an eye on the money side of things. By tracking spending, these tools help legal departments see where their money is going and ensure they’re getting good value for their legal spending.

4. Greater Emphasis on Data Security

Data security has always been a significant concern in the legal industry. Many legal departments face more frequent cyber threats, which is why investing in security technology has become standard practice. The goal is straightforward: safeguard all data.

To achieve this, in-house legal departments undergo information governance training to equip every team member with information on how to protect data. This collective effort secures the safety of client and internal data.

5. Remote Work Continues

Remote work has become the norm for many legal departments, meaning that geography isn’t the obstacle it used to be. Now, collaborative tools are key. 

They keep teams connected and make it possible for legal operations professionals to work together from anywhere.

To sustain this model, it’s important to nurture supportive environments and avoid barriers to remote work, such as security concerns, communication issues, and isolation. Such environments cater to the well-being and productivity of all team members.

6. Increased Focus on Regulatory Compliance

Compliance has always been a non-negotiable for in-house lawyers. The industry’s laws and regulations constantly evolve, so staying current is a must.

Regulatory compliance tools now offer invaluable assistance. They keep track of these changes and shed light on new legal requirements.

Today’s modern legal department navigates the legal terrain through proactive strategies and using tech tools as one of them. Such measures make sure that they stay on top of regulatory shifts as the demands for strict compliance increase.

7. Project Management Tools Gain Popularity

Project management software has become an indispensable tool in legal operations these days, thanks to a bunch of useful tools that help manage legal projects.

These tools make it a lot easier to plan and keep track of everything and make sure teams can stick to their schedules without a hitch. Effective project management means resources are used wisely, which helps teams hit their targets right on time.

8. Collaboration Between Legal and Other Departments

Corporate legal departments in contemporary organizations do not operate in silos; cooperation with other departments is more important than ever. Better results come from effective teamwork, which can also help preempt potential issues.

The increasing need for inter-departmental collaboration makes specific tools necessary. They make information sharing easier and create a more collaborative business process among the legal team.

As such, involvement from all departments in alleviating business bottlenecks is critical. It’s evident that collaboration will continue to dictate key trends in legal operations.

9. Artificial Intelligence (AI) Integration

AI is an influential force that transforms routine legal tasks. It boosts both speed and accuracy while significantly cutting down manual labor in legal operations teams.

Integration of AI into legal tech solutions is on the rise. Tasks like document sorting, which once were tedious, are now effortlessly automated. Plus, AI holds the power to predict outcomes rooted in historical data, which paves the way for decisions based on informed insights.

In fact, AI in the legal tech market is projected to grow by 35% annually over the next five years.

Stay Ahead of the Competition With Artificial Intelligence

Innovation drives the legal field today, and if you don’t want to play catch-up with other law firms, it’s time to embrace one of the best legal tools of all: artificial intelligence.

Stop letting the discovery phase consume more work hours than it has to, and start using Briefpoint.ai. With generative artificial intelligence, Briefpoint lets you create discovery response and request documents in mere minutes. 

Save money, maintain consistency, and let your lawyers work on more important tasks all at the same time.

Let Briefpoint Transform Your Discovery Process

Discovery responses cost firms $23,240, per year, per attorney. $23,240 estimate assumes an associate attorney salary of $150,000 (including benefits – or $83 an hour), 20 cases per year/per associate, 4 discovery sets per case, 30 questions per set, 3.5 hours spent responding to each set, and 1800 hours of billable hours per year.

Under these assumptions, you save $20,477 using Briefpoint, per year, per attorney.

Test Briefpoint yourself by scheduling a demo here.