The Lawyer’s Global Real Estate Top 50 report profiles the world’s leading law firm real estate practices each year, and takes a close look at the trends and practices driving their success.
The report confirms that:
- Tech is a big success factor: Once again this year, the number of firms that believe technology will be one of the defining factors in the future success of their real estate practices over the next five years exceeds 90%, as it has for the past three years.
- Staffing levels are in play: There seems to be less of a sentiment that technology replaces lawyers, and more of a belief that the technology simply shifts the balance of lawyer work from process to risk analysis and client service.
- Less concern about costs and pricing: Belief that technology will drastically reduce the cost of providing legal services to real estate clients over the next five years is moderating.
The report is also full of examples of technology investments. It shows that many firms are investing in their own proprietary client-facing or workflow platforms, and others are investing in best-of-breed technologies from outside vendors for specific applications.
One of those outside technology providers is Kira Systems, and the firms profiled in the report confirm that AI-driven document analysis is a big part of their technology arsenal. Download our analysis to read examples of the flexible ways that leading real estate firms are deploying Kira to enhance the speed and accuracy of their work - shared in the firms’ own words.