Legal tech predictions for 2023

It's the start of the year and time for a new round of legal tech predictions!

In this episode we discuss a bunch of predictions from Gartner, including what we do and don't agree with, and why. Here's a sneak peak of the issues covered:

* Big growth in the proportion of funding spent on legal tech

* Replacing lawyers with non-lawyers

* Ever increasing automation

* Capturing the benefits of CLM, or not

* Spending on non-specialist technology providers

Then Alex and Elliot make some predictions of their own, including:

* The rise of platforms

* More "no code" tools

* Technology rationalisation

* The continued importance of rich APIs

* The impact of ChatGPT

* Consolidation in the CLM market

* Microsoft's legal tech acquisition

LINKS

Gartner legal tech trends: https://www.gartner.com/smarterwithgartner/5-legal-technology-trends-changing-in-house-legal-departments