BetaKit: #LegalTech Event in Toronto Says Every Firm Needs a Data Strategy

Daniel Martin Katz, an associate professor of law at the Illinois Institute of Technology’s Chicago-Kent College of Law, kicked off the forum with a keynote addressing the future of legal technology. He highlighted that as legal industry becomes more complex and law firms face greater challenges in their practices, law firms can become better predictors of their services if they capture and analyze data.

The conference also featured a panel where founders of legal tech companies like LegalZoom and Riverview Law discussed what their companies do, what current technologies are available to legal practitioners, and how current law firms can become more innovative. Jason Moyse, the moderator of the panel and a co-founder of LegalX, mentioned that the legal industry will see more innovation when law firms start better assessing the needs of their clients.“We care about data because we want to be able to predict things. Every organization in law needs a data strategy. You need to capture, clean, regularize data to support a wide range of tasks,” said Katz. “As you collect data, you find that there’s steps in the process that you haven’t reflected on. You can’t say how great your services are with no real measure of what you’ve actually accomplished.”

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