Althought legal tech spending is up for law firms and law departments, it is primarily for cyber security and information governance. The much-mentioned Artificial Intelligence revolution in law may still be coming, but legal tech spend is still dominated by more mundane but still important areas of risk reduction rather than transformation of legal practice.
More than half of all firms (53%) report larger tech budgets in 2016 than in 2015, as compared to just 9% who report smaller budgets. When asked what accounts for the change, those that increased their budgets mentioned a new focus on cybersecurity, information governance, business continuity or disaster recovery concerns and security compliance requirements as well as lots of cyclical hardware refresh scenarios.
http://legalexecutiveinstitute.com/legal-technology-purchasing-survey/?platform=hootsuite
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