Law firms are facing three converging pressures that are fundamentally changing how they need to operate. Our latest report examines why firms can no longer afford to delay modernizing their transaction management processes.

The three forces creating the perfect storm

Clients are demanding real-time visibility into their transactions, with 52% now preferring digital-first legal services. Young legal talent is evaluating firms based on technology capabilities, viewing outdated processes as career obstacles rather than thoroughness. And the economic squeeze is intensifying, with 69% of firms reporting soaring operational costs while clients push back harder on rates.

The challenge? These forces aren’t isolated problems. They’re interconnected and accelerating simultaneously, creating a cascade effect that puts firms using traditional methods at a serious competitive disadvantage.

The report explores how modern transaction management platforms can address all three pressures at once, providing the client transparency, talent retention tools, and operational efficiency that firms need to stay competitive in today’s market.

Read the full report

The perfect storm: Why law firms can’t afford to wait on transaction management