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Phonetic transcriptions are almost like regular transcriptions. The only thing that sets them apart is that instead of alphabets they use phonetic symbols. These symbols are quite common. You’ve probably seen them in dictionaries before and they look something like this (/Inᴵvᴂlid/) which means invalid.

Legal transcription can be said to refer to the act of writing or typing a legal document from video and/or audio recordings. It involves the transformation of documents from audio or video files into written format where the information within can be easily found. 

Transcribing audio to text may be necessary if you deal with important and sensitive information. This includes everything from interviews and podcasts for the entertainment industry, to court proceedings in the professional setting.

Transcribing makes everything easier. It is the process of converting speech into text. The result is a document that you can easily skim through. Easier than having to listen to the whole audio recording and can be processed further or archived.