Global News
A recent technology survey, conducted and published by ILTA (International Legal Technology Association), shows that HotDocs Corporation continues to dominate the legal market for document generation (document assembly) software. The 341 page ILTA publication shows HotDocs with a 60% market share among law firms that use document generation software.
ProLaw, a subsidiary of Thomson Reuters, has a market share of 5% and ContractExpress (Business Integrity) has a 3% market share. All other vendors are grouped together in an Other category with a cumulative 32% market share.
“We were excited to see that HotDocs has more than double the market share of all other market competitors combined,” commented Leonard DuCharme, Chief Strategy Officer for HotDocs Corporation. “HotDocs pioneered the document generation concept and has continued to drive innovation and thought leadership in the space for more than two decades. HotDocs has a customer base that spans the world’s largest corporations and government agencies on down to the smallest legal practices and is the market standard for many reasons, not the least of which is great technology.”
The ILTA survey, which relies on input from 494 law firms representing more than 88,000 attorneys and 189,000 total users, shows that approximately 38% of law firms rely on document generation technology for the production of legal documentation (contracts, wills, trusts, correspondence, etc.).
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