M&A Lawyers in the US and Canada Are Heavily Invested in Modern Transaction Technologies
Litera's 2023 North America M&A survey is a focused investigation of the transaction workflow technologies that M&A lawyers are using; their technology investment plans, including around artificial intelligence (AI); the staffing and talent retention implications of technology adoption, and their views on the future of technology in M&A practice, particularly regarding the impact of machine learning technologies.
Inside, you will discover insights specific to M&A practice and how technology is impacting the practice area, including:
- Tech is being used as a competitive advantage. The substantial majority of US respondents, (83%) agreed or strongly agreed that technology is a competitive advantage for their firm, as did 67% of respondents in Canada;
- AI is booming in M&A. 97% of respondents in the US and 82% in Canada strongly agreed or agreed that AI is becoming a standard part of most M&A due diligence processes; and
- How tech-centric roles within law firms, and firm-provided technology training, are changing to expand the use of relevant technologies.