Digital transformation is revolutionizing every major industry, creating opportunities for differentiation and growth for those who use digital technologies to change how they do business, and challenges for those that are slow to respond. Digital transformation is a term used to describe how digital technologies (like cloud, artificial intelligence, mobility, cryptography and collaboration) are becoming key enablers for transforming relationships with clients, business processes, how users work and even business models.
Faced with client pressure for greater value, and increased competition for business and talent, law firms are facing slower revenue growth and margin pressures. Additionally, law firms are under intense pressure from cyber threats as they store highly sensitive and confidential information, making them a natural target for cybercriminals.
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