PHOTO: All Rights, Microsoft Corporation
Last week the largest software and legal service's trade show in the US hit town in New York City... Legal Tech 2013. I'll have a full-length article for you later, but for now... what was the big message from the conference? Part of the message was that there wasn't all that much new going on.
When you looked at the showroom, at least 70% of the floor space was for eDiscovery products. That's not too surprising, since that's been one of the fastest-growing and most expensive areas of litigation. There was a scattering of legal scheduling and billing tools, and general equipment... monitors, servers, networking equipment and so forth. However, the main product, the thing that everyone was interested in, was eDiscovery.
Having said that, there was another message, that was a bit more subtle. While eDiscovery dominated at the last couple of Legal Tech shows, this time around EVERYONE wants to be cloud-based. Just about every product had a cloud-services model, or was about to launch a new version that was cloud based. Almost every new product launch was cloud-only or would begin with a cloud-services product and maybe introduce other products later.
At LegalTech I have seen the future, and it looks like a wave of outsourcing. Clearly, legal firms are working as hard as they can to get as much of the processing of eDiscovery off of their plate, and onto the plates of outsourcers so that they can slow down the speed at which the cost of litigation is rising. However, even with outsourcing, costs are still rising, so we can expect to see even more aggressive eDiscovery processes next year!