Cowen Group Q2 Market Trends Report

Here are the results of our Q2 Critical Trends Survey which focused on Technology Buying Priorities Workload and the impact of Covid on accelerated decision making.

51% of responses came from law firms and 40% came from corporate legal departments, with the balance from service and software providers.

Is your workload up down or the same?

Up	46.55%
Down	5.17%
Same	48.28%

If your workload is up or down, how are you addressing the change?

Insource	37.14%
Outsource	2.86%
Other	60.00%

What are your top technology priorities for 2021

E-discovery	21.43%
Managed Services	12.50%
Collections	12.50%
e-Billing	10.71%
Accounting	5.36%
Case Management	16.07%
Matter Management	25.00%
Knowledge Management	37.50%
Dashboards	25.00%
Data Analytics	66.07%
Business Intelligence	30.36%
Contracts	25.00%

Has Covid19 accelerated your companies adoption of next GEN Technology?

Yes	74.55%
No	25.45%