ACC survey finds importance of legaltech for general counsel
Most in-house counsel say legal technology is a “must have”, an ACC survey, entitled the 2023 Legal Technology Report for In-house Professionals, found.
The Association of Corporate Counsel (ACC), in partnership with legal software maker Exterro, released the report, which highlights technology adoption, the sophistication of legal processes and the top challenges faced by in-house legal departments.
Based on a survey of 252 in-house counsel and legal operations professionals from 22 countries, 78% of respondents reported that legal technology is now a must-have for legal departments, a 15% increase compared to the previous survey in 2021. Some 38% of respondents planned to purchase or upgrade legal software in the next year.
Additionally, 41% of in-house teams wanted to use technology more effectively in privacy and compliance matters, and 30% focused on litigation. Understandably, departments with more sophisticated legal processes invest more in legal technology, with 39% of legal departments in the survey planned on buying or upgrading legal software in the coming year, although this likelihood varies dramatically.
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