Legal Tech Booming Segments; Investors Seeking Growth | Anaqua, LexisNexis, Practice Evolve

Advance Market Analytics released the research report of Global Legal Tech Market, offers a detailed overview of the factors influencing the global business scope. Global Legal Tech Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Global Legal Tech. This Report covers the emerging player's data, including: competitive situation, sales, revenue and global market share of top manufacturers are Blue J Legal (Canada), Anaqua Inc. (United States), CrimsonLogic (Singapore), INTELLEX (Singapore), Kira Inc. (Canada), LexisNexis (United States), Pensieve (India), Practice Evolve (Australia), Resolve Software Group (RSG) (Australia), Casetext Inc. (United States) and Catalyst Repository Systems (United States)
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Legal technology, also known as Legal Tech, refers to the technology and software that are used to provide legal services. Legal technologies have turned into the essential element of competition among legal-market stakeholders. Traditional law firms are facing a very large amount of pressure from clients to deliver more at less cost and higher quality. This goes with the advent of reforms in the legal market, especially those pushed by new technological opportunities. Legal technologies allow legal service provider to enhance productivity, offer innovative digital products such as cybercrime consultation, contract management, due diligence, which improves legal-service delivery and quality while keeping costs at a low level. Specifically, scholars have defined legal technology as the application of technology and to help law firms with practice management like billing, big-data, e-discoveries and document storage.
Market Drivers
o Increasing Number of Attorneys
o Move From Outside Counsel to In-House Counsel for Corporations
Market Trend
o Increasing Automation in Legal Industry
o Increasing Demand for More Efficiency from Legal Profession
Restraints
o Abundance of Solution in the Market
Opportunities
o Growing Smart Contacts
o Need of Legal Input in Each Case
Challenges
o Lack of Understanding How Technology Can Be Deployed In the Legal Function
o Lack of Industry Standards

The Global Legal Tech Market segments and Market Data Break Down are illuminated below:
Application (Document Management System, E-Discovery, Practice and Case Management, E-Billing, Contract Management, IP-Management, Legal Analytics, Others), Components (Software, Solutions), Enterprise Size (Large departments (40+ attorneys), Mid-sized departments (10-39 attorneys), Small departments (1-9 attorneys)), End-Users (Clients, Lawyers)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Legal Tech Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Legal Tech market
Chapter 2: Exclusive Summary - the basic information of the Global Legal Tech Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Global Legal Tech
Chapter 4: Presenting the Global Legal Tech Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Global Legal Tech market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Global Legal Tech Market is a valuable source of guidance for individuals and companies.

Data Sources & Methodology

The primary sources involves the industry experts from the Global Legal Tech Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources - Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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o Assisting in allocating marketing investments

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

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