Consolidation in Legal Tech: How the ‘New Normal’ Benefits Companies and Customers

Through consolidation, one expert writes that customers receive better, more comprehensive services while companies can control costs and enabling their own geographic expansion.

Extract from article by Avaneesh Marwaha

Better Resource and Time Management

Everyone stands to save time and effort when companies combine their resources. Legal technology companies may be attracted to a merger by the prospect of growing their staff, their physical resources, and their attendant technical capabilities. In addition, mergers create significant time savings: by combining two companies’ expertise to create a single elegant solution that improved product can make it to market faster than either company could have accomplished alone.

Also, clients save just as much time and effort as the companies themselves do. Working with a single vendor that can provide enhanced services is faster, easier, and less expensive than communicating with multiple diverse vendors that can each only provide a piece of the overall puzzle. Not only can customers’ total costs be lower, but the predictability of those costs is also dramatically improved by working with a single consolidated vendor.

Clients also save time by using a consolidated technology service.

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