Shift from Fascination to Practicality in Legal Tech

The legal technology landscape is experiencing a significant shift from an era of fascination to one of practicality. Companies are focusing on optimizing foundational tools rather than engaging in mere experimental uses of advanced technologies like generative AI. This transition signifies a matured understanding of how technology can be practically applied to enhance legal processes. Experts in the industry, like Alex Smith from iManage, emphasize the importance of this practical approach, suggesting that past wonders are now giving way to effective and efficient applications.