Enabling technology provides a simplified user experience while maintaining data in a secure, scalable platform. Making it easier than ever before to migrate and collect cloud data, automating and integrating critical workflows, and collaborating multiple systems to drive improved business outcomes faster.
Data-Driven Decision Making
Using data to drive case strategy is becoming a mandate in the legal industry. The application of data-driven insights yields better case outcomes and secure access to tactics that were not previously possible. Analytics offers more in-depth strategies and quality of client services.
Client Centric Experience
Clients are already comparing legal experiences to the easy-to-navigate interactions with Netflix, Amazon, and Facebook. They are quickly expecting law firms to match these levels of service. Clients have many choices for solving legal issues. Traditional law firm culture is not attracting modern clients. Alternative legal service providers, such as LegalZoom, are increasing. 35% of those with a legal issue in the past two years did not hire a lawyer. Firms need new strategies to become client-centered:
- Client-centered technologies have a direct and positive impact on a firm’s bottom line.
- Client-centered services will unlock a legal market that is currently underserved.
Information Governance
On average, companies use 129+ applications to power their firms. Data has taken on new formats that collect in harder to reach silos. Data fragmentation introduces new challenges for eDiscovery, legal hold, and archiving.
- Streamline information governance
- Implement a consistent process for new applications
- Partner with solution providers to manage data
Contract Lifecycle Management (CLM)
Operationalize efficiencies and conserving money is the bedrock of transitioning a law firm. Automating contracting processes offers immense organizational value in the form of substantial savings and revenue preservation.
Identify the business value of automating contract lifecycle management
Determine that value using existing data
Understand downsides to avoid before selecting a CLM vendor.
