Access to a wealth of resources is crucial for the different players in the world of law

Article provided by LexisNexis ®

LexisNexis strategic segments sales leader Matt Pedersen talks about the change in attitude that needs to occur fromtraditional legal content usage to the adoption and integration of modern legal technology tools and automation. Thisadoption of legal technology is vital to the different markets that tackle law today.

The legal profession has undergone meaningful change over the past couple of years, and among these changes is how the value and volume of information has increased even further due to expansion of digitalisation. Access to a wide cache of resources is now crucial for the different players in the world of law, whether its law firms, the inhouse legal departments of organisations and businesses or in the academe.

“We are trying to get law and the rule of law across every country that possibly needs it, no matter what the situation,” says Pedersen.

“LexisNexis has an extensive presence globally. The content suite under LexisNexis has been trusted for centuries, from our extensive local content, to now the ever-expanding information database that can incorporate international law and commentary from multiple jurisdictions. This is increasingly relevant as international borders are removed through technology. However, we continually underpin our focus on law through our international rule of law foundation.”

However, an abundance of resources needs to also be supported by the ability to retrieve relevant data quickly and effectively. LexisNexis, he explains, breaks down the legal industry into segments to focus in on what each segment requires and provides the relevant support that are designed to fit the firms’ functions and outputs in which law is delivered.

“We review and align with small law, mid law, large law,corporates, government, and academic segments. Whileall these audiences practice law, study law or talk aboutlaw; they each do things a little bit differently,” Pedersensays. “A single barrister in Invercargill is going to operatea little bit differently to a legal firm of 25 partners andassociates in Queen Street, Auckland or the lecturer alaw professor is going to deliver to a group of WellingtonYear 3 law students. In the academic space, you have yourprofessors, your law deans, your faculties, your students,your librarians, your book shops. So, you have all thesevarious parts of legal institution and ecosystems there,which still pivot around the sense of law however theymechanically and physically operate with their uniquenuances.”

The main point now is change – change in the way lawis being delivered and change in the expectations frompaying customers and the end users. Customers, he adds,want their legal advisors to deliver more “faster, for less.”