Mixed views on support behind legal tech spend
According to Thomson Reuters’ In-House Legal Tech Report, conducted in partnership with Momentum Intelligence, receptiveness varies greatly between organisations when it comes to the legal function spending on and investing in technology.
The report found 33 per cent of survey respondents believe their organisation is responsive to business cases for new technology; however, 28 per cent believe their organisation does not highly prioritise responding to technology requests.
Further, 19 per cent believe their organisation is inconsistent in responding to technology requests, 14 per cent say their organisation proactively seeks to invest in new technology, and 6 per cent believe their organisation is not at all supportive of technology requests.
“Believing that their organisation will not be supportive, or not knowing how they may respond to requests for spending on legal technology solutions may make legal professionals reluctant to push for technology that could greatly improve their efficiency,” the report noted.
The report also asked respondents if they’re aware of the process to gain business approval for technology adoption within their organisation.
Forty-two per cent said they were fully aware of all internal processes and requirements for such adoption, 30 per cent they were aware of some but not all internal processes and requirements, and 14 per cent said they either had limited awareness of internal processes and requirements, or, no awareness at all.