For many law firms, technology plays a supporting role in mitigating risk, reducing operational costs and increasing staff productivity. There are however a growing number of firms that are not only using technology to support what they do, but more importantly, are using it to enable new opportunities.
For firms who have the right approach and strategy in place, they can unlock the benefits of true team collaboration, lawyer mobility, enhanced business development and innovative client services.
There is however little, or no value in investing large sums of money into IT systems and technology, if the firm is not committed to challenge what has traditionally been accepted as ‘how we do things’.
An integrated fit
The firms who will more easily discover the opportunities technology can provide, typically share the following attributes:
– A clear business strategy and direction
– An industry focus or specialisation
– Provide fixed fee for particular types of work
– Have processes that underpin their practice
For these firms, technology begins to weave its way into everything they do, these firms constantly seek ways to be more efficient and for that reason, technology is a natural and welcome ingredient to their success.
Business strategy realised
With a business strategy defined, a digital strategy can be formed to underpin the firm’s objectives in a way that can allow those opportunities to be realised in the fastest, most effective and least cost manner.
In short, there are countless exciting ways that technology can facilitate opportunities and support a law firms objectives, but technology alone is not the answer where the question it seeks to answer, is yet to be formed.