Top 9 Legal Tech Myths Busted!

Legal technology is advancing rapidly, and lawyers are increasingly embracing tech. #Legaltech offers lawyers efficiency and accuracy. But with the growth in legal tech tools and software, the misconceptions around it are also growing.

As we move forward, we will be busting some of those burning myths about legal tech today!

Myth #1: Artificial Intelligence (AI) Will Replace Lawyers

The first and most common myth that is prevailing in the legal industry is that AI will replace lawyers. Well, it is just a myth because, in reality, #AItools can’t replace lawyers, not even in the long run. AI tools can help legal professionals perform some of the tasks more efficiently, but they can replace lawyers.

AI can automate numerous tasks but it cannot replace the experience, judgment, qualifications, decision-making abilities, and creativity of human lawyers. Some cases may require lawyers to make judgments on the basis of precedent, social context, and ethical concerns, and AI can't do that. AI tools are great, but they can never replace lawyers.

Myth # 2? Tech Solutions Are Too Difficult to Understand and Implement

Lawyers might not consider themselves as tech-savvy, which is why they may think tech solutions are difficult to implement. But in reality that is not the case as most legal softwares is user-friendly. Most of the lawyers' software is intuitive, has an easy-to-use interface, and is accessible user interface.

Furthermore, many software and tools allow lawyers to integrate their existing software with them. This makes the process more efficient and easy to understand.?

Yes, there can be a learning curve for lawyers in some cases, but #techsolutions are not that difficult to understand and implement.

Myth # 3 Tech Solutions Are Too Expensive for Smaller Law Firms

Sometimes small law firms are hesitant to adopt tech solutions, thinking that they might be too expensive for them. But the truth is that most of the technology providers in the legal industry are affordable. These softwares offer subscription-based pricing, which makes them more cost-effective. The average pricing of a law firm's software can be somewhere between $50-$70 per user per month.

Myth # 4 Matter Management And E-Billing Software May Break Attorney-Client Confidentiality

Some lawyers might be thinking that matter management software or E-billing software may break confidentiality. But that is not the case, because most of these softwares are secure. They are #encrypted, which keeps all the sensitive information safe and secure. Their information won’t be compromised.?

Myth # 5 All Data Security Is Created Equal

Some legal professionals might think that all data security is created equal, but that is not true. Lawyers' data is a sensitive and valuable asset for them. This is why this data needs to be protected with safety measures and protocols. Almost 46% of law firms use data security software for their firm. Privacy, protection, access control, and recoverability are crucial aspects of data security. Different cloud-based technologies have different data security approaches. Not all software is built with the same #datasecurity measures.?

Myth # 6 Alternative Fee Arrangements (AFA's) Are Too Difficult To Use Regularly

While the growth of alternative fee arrangements has been slow in recent years, it is not that difficult to use. In fact, AFA can offer various benefits to both clients and lawyers.?

#AFA offers a wide range of pricing structures, such as flat fees, contingency fees, blended rates, and more. Lawyers can choose fee arrangements according to the needs of their clients. If lawyers understand the basic fee structure, it won’t be difficult for them to use AFA.?

Myth # 7 Cloud Software Isn't Secure

It goes without saying that law firms and lawyers manage sensitive information that can’t be compromised. This information is very crucial for lawyers and firms and it is the duty of the firm to keep it confidential. Now the common question that most legal professionals have is cloud software secure. So yes, cloud software with industry-standard security certifications is secure and can keep your information safe. 60% of the world’s corporate data is stored in the cloud. This figure itself speaks that numerous people trust cloud software for their data storage.

Myth # 8 Lawyers Will Lose Control Over Their Data

This is simply a myth. By using legal tech solutions, lawyers will not lose control over their data. In fact, these legal tech solutions for data storage are built in such a way that they offer lawyers more control over their data, not less.?

The traditional paper-based method of storing data is not secure, and it is not even centralized. The data is stored at disparate locations and different individuals handle them. On the other hand, tech solutions are a centralized platform for managing all data. It offers more control over data.?

Myth # 9 Legal Department Cannot Keep Track Of Everything Our Outside Counsel Is Doing

Many large firms might think that they can’t keep track of everything that outside legal counsel is doing. But again, it is a myth. By implementing legal tech solutions, they can keep track of everything that is happening within the firm. With the help of legal software, law firms can create a process for in-house teams and outside legal counsel. Law firms can get information about open and closed cases, receive updates, case information, case status, etc. This will help a firm in keeping track of everything.

If you have heard some myths about legal tech and want to bust them, share them in the comment section below. #Legalmythbusted