Victoria Hudgins, Reporter at LegalTechNews, reports on the legal tech sector and noticed that some of the first cuts that major law firms made during the pandemic were related to their technology innovation teams. Lawyers and tech staff were subjected to layoffs, furloughs, and pay cuts almost immediately as firms feared a reduction in revenue and work. She wonders what that means for these legal innovation teams. Will firms take their foot off the gas on innovation? How long will law firms continue to invest in these teams? Will the resulting actions be that law firms will have to look externally for innovation once we get beyond the pandemic? Time will tell.
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