Traditionally, legal firms have been guarded against digital disruption due to stringent regulations. According to a study, an alarming 1,14,000 number of legal sector jobs are likely to be automated in the next 20 years leading to 40% cuts in lower-skilled jobs. Going forward, a greater percentage of work will be sold through subscriptions and licenses, rather than hourly charge-out rates. At Hexaware, we can help legal firms to address today’s complex challenges in the legal industry using innovative solutions.
Risk & Compliance
The global enterprise governance, risk and compliance market are expected to reach ~ USD 64.6 billion by 2025. Rising complex compliance and risk management needs have paved the way for technologies to help organizations address these challenges. Increasing advancements in cognitive technologies, artificial intelligence and data analytics are helping organizations go beyond traditional ways of managing risks. At Hexaware, we can help organizations to monitor risks and meet compliance using our robust platform.
Our service and solution portfolio for legal, risk & compliance firms include: