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Legal Case Management Software Market 2021 International Growth Opportunities with 12.4% of CAGR by 2028 – LEGAL TRACK, Lex Mantra, Proind, Themis Solutions, Thomson Reuters

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Legal Case Management Software Market 2021 International Growth Opportunities with 12.4% of CAGR by 2028 – LEGAL TRACK, Lex Mantra, Proind, Themis Solutions, Thomson Reuters

May 26
20:41 2021
Legal Case Management Software Market 2021 International Growth Opportunities with 12.4% of CAGR by 2028 - LEGAL TRACK, Lex Mantra, Proind, Themis Solutions, Thomson Reuters

Legal Case Management Software Market Regional Analysis
According to our latest market study on “Legal Case Management Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Deployment and End-user,” the market was valued at US$ 776.14 million in 2020 and is projected to reach US$ 1,911.24 million by 2028; it is expected to grow at a CAGR of 12.4% from 2021 to 2028.

The growth of the legal case management software market is attributed to the rising government initiatives to promote technology adoption across industries. Governments across the world have taken various initiatives to optimize the use of technologies to extract benefit from the same. The legal industry over the years has undergone shifts from traditional case management systems to advanced digital case management. For instance, the adoption of technology by the legal industry across Europe is regulated by the European Legal Technology Association (ELTA), which is a separate governing body.

The association has promoted the adoption of various digital solutions, including case management solutions and legal research solutions, across the legal firms of the region. California State Bar Council adopted legal technology for offering services across the country. Similarly, countries across the Middle East have experienced high adoption of technology in the legal industry owing to the initiatives undertaken by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE, Prime Minister of Dubai, and Ruler of Dubai.

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Impact of COVID-19 Pandemic on Legal Case Management Software Market

The COVID-19 pandemic has had a negative impact on the legal procedures across the world. With no immediate solution in sight to the economic recession, law firms are facing immense challenges. Although most of industries, including restaurants, entertainment, and travel, have been ravaged, law firms are also fighting to continue serving their clients while avoiding financial losses. To continue to run their companies and represent their clients in a hassle-free manner, law firms are opting for tools enabled with cutting-edge technologies and techniques. Thus, the rise in technology adoption across the legal industry is contributing to the legal case management software market growth during the pandemic.

Legal case management software market is receiving high momentum across the world. Rising government initiatives to promote technology adoption across industries is influencing the growth of the market. Local and federal government across the world have taken various initiatives to promote the adoption of technology across the industries. These steps have been continuously taken up by the government bodies to optimize the use of technology and benefit from its wide offerings. The legal industry over the years have undergone shifts from traditional case management systems to advanced digital case management. For instance, the adoption of technology by the legal industry across Europe is regulated by The European Legal Technology Association (ELTA)—a separate governing body. The association has promoted the adoption of various digital solutions, such as case management solutions and legal research solutions, across the legal firms of the region. Government initiatives across the US and Canada have also been observed over the years for promoting the adoption of legal technology. For instance, California State Bar Council adopted legal technology for offering services across the country. Similarly, countries across the Middle East have experienced high adoption of technology across the legal industry owing to the initiatives undertaken by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE, Prime Minister of Dubai, and Ruler of Dubai. Thus, the government initiatives across the world are fueling the growth of the legal case management software market.

Strategic Insights

Players operating in the legal case management software market are mainly focused on the development of advanced and efficient products.

– In 2021, Legal Files Software, Inc. implemented its legal case and matter management software for the Cayuga County Attorney’s Office, as a fulfillment of its contract with the County.

– In 2021, MyCase participated in ABA TECHSHOW 2021 event. The company showcased some of their newest updates, including in-app document editing and built-in internal chat development, to enable easy communication among law firm colleagues.

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