Law Technology Today: “Is your staff using analytics, blockchain and OCR yet? Corporations are ever-focused on their legal spend and demand more value from their outside counsel. Further disrupting the legal field are alternative legal service providers fueling the competitive landscape to become more crowded and innovative. As a result, Thomson Reuters’ 2018 Report on the State of the Legal Market surmised that declining profit margins, weakening collections, falling productivity, and loss of market share to alternative legal service providers are chipping away at the foundations of firm profitability. To counteract these market pressures and to differentiate themselves from competitors, law firms are embracing technology to improve operational efficiencies and transform the way attorneys and their firms interact with clients, answer their questions, and tackle their legal challenges. The law firms that embrace technology as a means to provide more cost-effective services to their clients will have a competitive advantage. For example, digitization and automation technologies have emerged that streamline internal processes and reduce workloads, so lawyers can spend more time advising clients and less time with administrative work…”