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% |