CLM Prices See the Most Inflation as Vendors Look Beyond Legal



CLM Prices See the Most Inflation as Vendors Look Beyond Legal | Legaltech News
















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CLM Prices See the Most Inflation as Vendors Look Beyond Legal Credit: VectorMine/Adobe Stock

ANALYSIS

Unless technology budgets within legal increase, more CLM vendors are likely to focus their energies on broader enterprise customers, further hiking prices.

August 31, 2022 at 09:00 AM

3 minute read

Isha Marathe

The prospect of rising prices, and a potential recession, have loomed over the global economy for some months now.

And more than ever, the legal industry is seeing the effects as legal technology costs grow, and legal departments and firms work to constrain budgets while also investing in new tools.

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