The Rise of Legal Practice Management Software
What happens when the Legal meets the Digital World?
The legal industry is undergoing a dynamic change. The developments in IT and digitalization are driving a transformation. This shift prepares the industry to meet the client expectations and deliver efficient services at a profitable cost. There is a growing buzz around the usability of artificial intelligence for law and robot lawyers. It indicates that automation will be quite prevalent in this field sooner or later. But, it is not possible to replace humans completely.
However, if the firms and individual lawyers stick to the traditional methods of managing cases, they will definitely find it hard to survive in the competition. In other words, there is no place for simple word processors, paper-based files, or repetitive and non-productive tasks. Bespoke IT solutions are more than necessary to manage the client cases with accuracy, speed, and clarity.
Industry reports indicate that the global legal practice management software market will grow at a CAGR of 13.71% during 2017-2021. This rise in legal practice management software will bring along the following benefits-
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Increased Client Satisfaction
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Efficient Service Delivery
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Profitable Outcomes
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Reduced Case Cycles
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End-to-End Case Management
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Real-time Information Access
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Ease of e-discovery workflows
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Security and Compliance
Legal practice management software is important for the law firms to manage contracts, cases, pleadings, transcripts, pieces of evidence, billing, etc. with a centralised repository. In the era of mobility, lawyers cannot escape from remote working. Modern solutions offer mobile applications for the lawyers to access information. They can track the cases in real time on-the-go. It helps to save their time and be more responsive to their clients.
The industry involves sensitive and personal information. On the other side, regulations like GDPR can put the companies into a big trouble if the information and privacy are not handled according to the standard rules. Using legal practice management software guarantees ‘role-based’ access to the data. It means the case data is safe and only authorised users can access it. Moreover, the platform will ease searching and sharing the information anytime and anywhere.
Another aspect is the automation of workflows. It is important to control the case at each stage. Clearly, manual methods are inefficient as compared to the automation. Law firms must free their time and resources from the dreary administrative tasks. Configure the rule-based actions to govern the case lifecycle. It will even help to record the version and the history of changes. Tracking case progress becomes much easier.
Next, storing the case-related documents is a tedious task. The acceptance of software promises to address this concern with a single database. It manages all the documents with a centralised access. Evidence, matter management, third-party documents, and proceeding documents are in a digital format. It can help the concerned lawyers to take better and informed decisions with data-driven analysis.
Despite many benefits, the law firms hesitate in accepting this wave of change. What are the reasons?
The myths surrounding the technology hinder the professionals to use it. The firms estimate high costs and complexity associated with the software. But, the advent of cloud or SaaS (Software as a Service) offers the exact solution at a competitive price matching a firm’s requirements. In fact, it also supports seamless integration to align all the legal processes and data into a single place. Moreover, the modern IT solutions encourage employee collaboration with effective risk management control. ROI is not only a figure but a reality.
Put an end to manual processes for a Digital Beginning.
In the Internet-driven world, a client expects more for less. Even the best law firms may face tough times if they don’t switch to the digital platform. Considering IT for agile and flexible case management is beneficial. It is a necessity for the legal companies, in-house lawyers, corporate and public professionals. Streamline case workflows with document management, customer service, automated actions, billing and accounting. To know more about the best legal practice management software for your firm, feel free to connect with us.
Convert to Digital!