Technology is undoubtedly having a huge influence on many business sectors, and the legal profession is no exception.
The legal industry is known for being fairly traditional in their operations. Yet the rapid uptake of technologies by law firms to improve efficiencies or provide a wider-ranging service to their clients speaks to their desire to benefit from change.
Hesitancy to embrace new technology has mostly related to concerns about security, as the legal industry has some of the strictest regulations and stiffer penalties for violations than many other industries.
With the right technology and the most up to date security solutions in place, legal firms can keep productivity at maximum and cost to a minimum. It’s no wonder technology in the legal sector is continually reaching new heights.
What is legal tech?
The term legal tech refers to new technologies and software that enhance and improve the way legal services are provided to clients. Some technologies are still in early infancy, their use constrained by data and privacy laws. Other technologies we simply take for granted, such as the internet, email, mobile devices, social media, instant messaging, online searches … the list goes on.
This article looks into several technologies that can be utilised to benefit legal firms in terms of productivity, efficiency and to help them stay ahead of the competition.
Cloud computing has transformed the way we work, allowing businesses to become more flexible and agile and allowing employees to access data and network in real time.
Data storage and management in the cloud is a cost-effective solution to dealing with the literal mountains of paperwork, documents, and discovery materials the legal profession generates.
Cloud platforms, such as Microsoft Azure, enable law firms to access data wherever and whenever needed. It also offers intelligent services including big data analytics, machine learning, and mobile apps. This allows law firms to scale up or down and integrate new technology if there is a need. For example, automation technology can be used to handle data collection, generate reports, review contracts and so on. This increases efficiency and lowers business overheads.
One of the biggest concerns about technology is data security and client confidentiality, both of which are critical to the legal profession. Technology can play a vital role in protecting both, while ensuring law firms adhere to privacy and data protection regulations.
Security systems can require specialist knowledge to ensure both data is kept safe and privacy around collection, sharing, storing, and transferring data is upheld. Few law firms have the technological expertise, or internal IT staff, to undertake and maintain this high-level security task.
This is when the expertise of a managed service provider can be vital, to ensure your network and systems are not only well protected, but continuously monitored and upgraded, and meeting all regulatory risk and compliance guidelines.
Technology is changing the way we communicate, collaborate, and connect. In this period of intense change, law firms can take the opportunity to pivot and use technology innovation to their advantage, rather than be left behind.
The modern workplace is a way to reimagine the way employees work, creating streamlined collaborative systems and improved methods of communication. Remote working and flexible working arrangements can be supported when businesses aren’t reliant on traditional on-premises infrastructure and are able to connect in real time via the web.
A number of companies have reduced their office size and expenses due to the uptake of remote working methods. This has led to significant cost savings from reduced property overheads, and increased productivity from employees.
It takes more than just having the right technology to transform your legal business into a modern workplace – it’s vital to take the time to plan and implement the technology that best serves your business goals, to leverage the benefits of your tech investments.
Business continuity and growth
There is no upside to experiencing downtime in a busy law firm and there’s no future for a business that can’t identify how to implement the technology at hand. Outdated systems and software can seriously undermine a company’s prospects to grow and reach more clients.
The expectations of clients today are one of the biggest drivers of what legal firms need to bring to the table in terms of being digitally proficient. Clients want to book appointments online, talk to their lawyer wherever either party is, upload documents to the cloud and pay securely over the internet. Keeping clients at the centre of their business creates more opportunities for law firms to ensure they have a robust and agile IT infrastructure.
Consulting with IT experts who have specialist knowledge and industry experience ensures you enjoy innovative IT solutions, best practices, and business building solutions to give you an advantage over your competition.
Invest in your law firm’s future and partner with the IT experts at RODIN. With their extensive experience in the legal industry, they will work with you to optimise your IT environment and create tailored solutions that suit your needs.