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With the average company investment into digital transformation increasing 148% in 2020 your competitors are racing to disrupt your business. Can you afford to be left behind?
As we hurtle through the 21st century, digitalisation takes a tighter grip on the world of business. Whilst it does forge innovation among all those operating in the various industries, it also results in their disruption. And just like businesses operating in the other sectors, legal firms are also forecasted to see the impacts of the disruption on their day-to-day work if they haven’t already.
Despite anchoring itself as unique to the other industries currently operating, the legal industry holds the core principles of a technological overhaul close to its chest, seeking cloud technology, data driven insights, and the implementation of technology on a new scale. Supporting your customers, and adapting to the digital era even within limited legal departments will require a new perspective.
A perspective we just so happen to have.
There’s two sides to every story: and the legal industry’s digital overhaul starts with its operations.
Technology might seem a terrifying word, but the legal industry’s future should actually be more culture-based. Whilst some specific technologies should take priority, what really matters is the overall implementation of their legal technology solutions.
Cloud-based technologies that allow the integration of client-based data are at the fore of this, ensuring you can bring together the variety of resources you have to manage in a seamless and simple process.
This translates to a similar streamlining of the employee’s experience by allowing your firm’s adaptation to new innovations to be less strenuous. Constant innovation is on the cards. Our legal management consulting can provide insight into just this.
In turn, this improves the service for the customer.
Your legal firm’s operations might stick out from the crowd, but at their core is the client.
It’s about assessing their needs on a whole new level, it’s about providing them with online portals for complete transparency, and it’s about boosting your efficiency to streamline the service for them via a new legal operating model. But how can you actually go about this?
Harness the power and potential of management systems wired by technology like the cloud, SaaS, and artificial intelligence to ensure it’s not just your team that’s tapped into technology. Technology doesn't just speed up processes for your client and your company; it facilitates them, too.
Bring the office and online together, and free more time to spend with your clients and their individual needs.
Director of Technology, Simply Brands
When it comes to legal firms, only one thing matters: the client.
So, rather than utilising tech to put your firm online, it’s about rethinking your in-house operations in alignment with technology. But it’s not always as simple as that.
Legal firms have entered yet another wave of utilising technology to transform their business operations and client services, confirming that this industry is no stranger to the need to innovate. Legal concerns might take centre stage, but the need to compete with new contenders in the industry is set to enter stage left. Yet beyond the metaphor is the technology you need to maintain as a part of your arsenal to secure a winning performance.
Blockchain and AI are fundamental to this, levelling the legal industry with the other sectors determined to uphold their own digital transformation. From legal risk to contract management, technology can be applied down every avenue of this sector.
Your firm doesn’t just need to stay afloat in your industry - it needs to remain competitive on the choppy seas of business, too.
For those with an ear to the ground, this process is also known as a Digital Transformation. A Digital Transformation is the rethinking of how you manage your employees, your clients’ and your business’ data, and how you carry out your business operations. Or, in simple terms, a DT is the technological revamp your business needs to stay competitive.
DIGITISE DATA; COMMUNICATE WITH CLIENTS
Tailoring legal services to clients is the basic practice of legal firms. Personalisation might already be a current running through your services, but digitalising data can provide access to specific client needs at a greater speed.
GET EMPLOYEE DRIVEN INSIGHTS ON TRACK
The personal touch doesn’t just extend to your clients - tap into technology across the entire supply chain to ensure each employee can provide the service that your clients expect.
USE DATA-DRIVEN INSIGHTS TO PINPOINT DESIRES
Armed with analytics and AI, determine the exact desires of your clients, and align your firm with them to ensure you cater to their expectations. The personal touch has finally gone techno.
SECURE TRUST VIA CYBER-SECURITY
Now you’ve harnessed the power of data-driven insights to discover your clients’ specific needs, you need to protect those insights. Restore trust in technology with cyber-security measures that put your client first.
INNOVATE, INNOVATE, INNOVATE
Tech has officially taken over. Not only is it a must-have, it’s on-trend, too. If you want to keep your clients on the edge of their seat and intrigued by your forward-thinking approach, you need to innovate.
CHANGE THE COMPANY CULTURE
Connect with the entire supply chain, and create a culture dedicated to the innovation you need to adapt and overcome the competition. It’s not all about technology - it’s about teamwork, too.
STREAMLINE THE SUPPLY CHAIN
By invigorating each segment of the supply chain with the necessary software, you can streamline each individual facet of the company. Raising efficiency and lowering costs has never been easier!
IT’S ALL ABOUT THE CLOUD
Keep your clients’ data and digital needs within reach thanks to the cloud. By rethinking the client service process with pace and accuracy in mind, you can improve customer experience and efficiency.
RETHINK LEGAL TECHNOLOGIES
Technologies dedicated to legal firms might already be on the table, but adapting to what’s in front of you and taking another step ahead is how you can maintain both efficiency and competitiveness.
+ What is the legal sector?
It is made up for firms and individuals that practice law. In the UK, for example, the legal sector is divided into a number of jurisdictions that represent England and Wales, Scotland, and Northern Ireland.
+ Is the legal sector growing?
The legal sector is predicted to grow throughout the 2020s, especially in terms of the number of job opportunities for potential lawyers. Over the last decade the UK in particular has seen astonishing growth.
+ What technology do legal firms use?
Currently law firms utilise technology that digitises their key documents and keeps their cases organised, VoIP telephony options that streamline communications with clients, and technology that facilitates agile working methods.
+ What is the future of the legal industry?
The future of the industry is not necessarily the new technology one uses, but how it facilitates their new working processes. Remote working and agile working opportunities are at the forefront of this, as are cloud solutions that bring the team together and AI to help interpret legal documents.
+ What are the trends in the legal industry?
Law firms are looking to specific technology trends including utilising artificial intelligence for streamlined document interpretation and digitisation, international collaboration with firms from across the globe, and more collaborative practices encouraged by remote working technology that brings firms together.
+ How is technology changing the legal industry?
Not only have the latest digital innovations encouraged a new trend in adopting digitalisation by law firms, it has altered the way lawyers work. The fundamental approaches to working in a law firm has been irrevocably changed, with remote working, agile methodologies, and collaboration on the cards thanks to digital solutions that facilitate them.
Taking things technological might seem a challenging feat set to bring debate to your business, but with Lolly Co at every step of the way, finding order need not a bang with a gavel. In fact, with our tech-team assessing your business’ exact needs and walking you through each step, you don’t need to convince the jury, either! But, if you do fancy finding your way around the future of your business, you can start here.
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