Blockchain Use Lags at Law Firms Despite Technology’s Promise

Realizing blockchain’s potential to streamline Big Law operations and save firms money has proven more elusive than expected.

Top law firms have talked a big blockchain game—with potential applications ranging from tracking e-discovery documents to speeding bankruptcies. But only a few have actually adopted the technology in their own operations, beyond creating blockchain and cryptocurrency practice groups.

Concerns are growing that while U.S. law firms finally are beginning to recognize the importance of artificial intelligence-infused tools as a means to cut costs by streamlining and speeding operations, they’re failing to grasp the potential of blockchain, a newer technology. If that ...