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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Legal case management software is a robust system that assists law firms in managing their day-to-day workflows and business operations. Legal case management software is a software designed to aid law firms client cases and records, billing and bookkeeping, schedules and appointments, deadlines, computer files, and any compliance requirements such as document retention policies and courts' electronic filing systems. There are different features of legal case management software such as Court Case Status Tracker, Docket management, Time tracking (for billing), Contract Management etc.

The increasing demand for cloud-based software is expected to drive the growth of the global legal case management software market.

 Earlier, the procedures of the law firms starting from client case file, maintaining records to billing were done manually. This method was quite efficient but it was time consuming, difficult to maintain each client’s information file. Therefore, a legal case management software was introduced which helps the lawyer to maintain all the information of the clients in one software. The lawyer can access the software anywhere. The legal case management software has various features such as status tracker of client, schedules etc.  The growth of the legal case management software market is credited to the increasing government initiatives to promote technology adoption across industries. Governments across the globe have taken numerous initiatives to improve the use of technologies to excerpt benefit for the legal case management software market. For instance, phase I of the e-courts movement was launched by the Indian government in 2013. The initiative was sanctioned US$ 22.42 Mn for the installation of standard application software in district and subordinate courts during Phase II, 2015-2019. The e-Courts Mission Mode Project is a pan-India initiative monitored and funded by the Department of Justice for district courts. Over the years, the legal industry has experienced shifts from traditional case management systems to advanced digital case management. For instance, the adoption of technology by the legal industry across Europe is regulated by the European Legal Technology Association (ELTA). The association promotes the European and international communication in the legal technology field and its neighboring disciplines. The association has supported the implementation of several digital solutions such as case management solutions and legal research solutions, across the legal firms of Europe Apart from this, the global legal case management software market is expected to grow owing to increasing penetration of app-based business services and customer interaction, as well as access to favorable infrastructure. Furthermore, legal case management software aids in meeting the needs of the legal domain. It aids in influencing legal knowledge and practices by efficiently managing the lifecycle of a case. These features of legal case management software are expected to create ample opportunities for market growth.

The global legal case management software market taxonomy

On the basis of Deployment type, the global legal case management software market is segmented into

  • On-Premise
  • Cloud-based

On the basis of End users, the global legal case management software market is segmented into

  • Small and Medium Enterprise
  • Large Enterprise

On the basis of Application, the global legal case management software market is segmented into

  • Law firms and attorneys
  • Courts

On the basis of Region, the global legal case management software market is segmented into

  • North America
  • Europe
  • Latin America
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)

Major companies operating in the global legal case management software market are Clio, Smokeball, MyCase, Zola Suite, AbacusLaw, Amicus Attorney, SmartAdvocate, and CloudLex.

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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