#SMEs have proliferated in recent years. There were estimated to be approximately 332.99 million SMEs worldwide in 2021, slightly more than in 2019 when there were 328.5 million.

World Bank data (2022) has shown that SMEs represent about 90% of businesses and more than 50% of employment worldwide. In emerging economies, formal SMEs contribute up to 40% of national income (GDP).

While larger #lawfirms and corporations have quickly adopted digital tools and technology, small and medium-sized enterprises (SMEs) have slowly embraced digitalization in the #legalindustry .

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