A NOTE FROM NETDOCUMENTS CEO, JOSH BAXTER

In today’s economy, future-focused companies are concentrating their investments on people and
must-have, foundational technologies. Sustainability is becoming a more prevalent part of the conversation
as organizations (and households) are tightening belts and finding creative ways to stretch resources. And
expectations of top talent will continue to shape how we attract and retain the people who are essential to
making our businesses thrive.
Legal tech will play an important role: according to a survey by legal network Meritas, a global alliance of
independent law firms, 86% of law firms predict that spending on legal technology will increase in the next
three years,1
and General Counsel report that increased use of technology offers the greatest opportunity for
cost savings.2 Also, a recent Thomson Reuters Institute study reveals that 84% of law leaders plan on making
greater use of technology for reasons other than to cut costs.3
The market dynamics and customers’ desire for consistency and interoperability is driving the merging
of technology vendors. The interesting thing is that only some vendors are doing it well with a strategic
roadmap for how everything will fit together and bring benefits to the legal profession. There will be obvious
opportunities to utilize tools that:
• Support the type of work you’re doing, wherever you want to do it
• Provide trusted, easy-to-manage security and governance
• Allow you to consolidate technologies and reduce redundancies
As your teams begin to execute on upcoming initiatives, explore new technologies, and navigate the road to
tomorrow, we’ve taken a comprehensive look at the market, tapped into the minds of 23+ thought leaders,
and combed through hundreds of pages of research and industry reports — all to identify and deliver to you
a comprehensive list of growing and anticipated trends of importance to legal professionals, so you can
identify the top areas of focus to drive organizational success in 2023 and beyond.
In this report, learn what industry and subject-matter experts predict is in store for the future of legal tech,
law firms, legal departments, and the public sector. It has been exciting to see this significant collection of
insights come together into what has become a substantial annual report for the legal industry. I am extremely
thankful to everyone who contributed to bringing this to life.
I invite you to dive in and discover the data behind the trends and how these insights could impact you