Tag - Technology

Seven Legal Tech Inefficiencies Silently Sapping Law Firm Margins

The vast majority of law firm leaders believe pricing pressures, competition and the need for efficient legal service delivery are permanent trends. That’s according to the 2016 Law Firms in Transition report by Altman Weil.
In other words, this is the new normal and demand for legal services will never return to the pre-2008 recession levels.  If the market isn’t growing, then it’s essential to maintain profits through market share and efficiency.
“If the market isn’t growing, then it’s essential to […]

Read More
Deane Price

Five Questions with Aderant President Deane Price

Law Firms, Legal Tech and Remaining Curious: Five Questions with Aderant President Deane Price
The legal industry is in a period of evolution.  While we’re not going back to the pre-recession days of annual rate hikes – this isn’t the new normal either. The business of law will continue to evolve, according to our own top executive Deane S. Price.
Earlier this year, Aderant announced Deane was promoted and taking the helm of the legal technology business following Chris Giglio’s […]

Read More
legal practice management

Large Law: 11 Considerations in Practice Management Technology

Practice management is the true backbone of a large law firm’s technology. From time and billing to invoices and reporting, it is the system on which a law firm manages its business, and also encompasses a lot of the ways they interact with their clients.
The decision to procure a practice management solution is obviously significant given the central role it plays in both the day-to-day and strategic operations. However, it is also a lasting decision, it’s a big-ticket technology […]

Read More
legal technology

Beyond the CLE: Legal Tech Ed is Anything but Optional

In 2017, continuing education in technology will no longer be optional for lawyers in Florida.  New changes just went into effect requiring training in technology as part of the Minimum Continuing Legal Education (CLE) Standards.
The modification “requires attorneys to complete 33 hours of CLE over a three-year period, with three hours in an approved technology program,” according to reporting from Big Law Business by Bloomberg.
While Florida is joining the ranks of two dozen other Bars that already say licensed […]

Read More

What is the Impact of Mobility on Large Law Productivity?

We bank online, we shop online, we work online, some of us even find love online. Increasingly, we’re not just doing these things online, we are also doing it on the move. And so too are lawyers.
The trend has been steadily tipping toward mobile for some time: In 2014, we began spending more time accessing the internet on mobile devices than on desktops.  In 2015 Google reported more searches were being conducted on mobile devices than on desktops.  In […]

Read More
Aderant Think Tank

Your Firm 2020: The Essential Triad in Legal Technology

By the year 2020 smart machines and legal process outsourcing (LPO) will “radically disrupt” the legal profession.
That was the prediction first put forth by market research firm Gartner, Inc. in a 2014 report called Legal IT Scenario, 2020.  The project examined four possible, perhaps even controversial, scenarios affecting the buyers of legal services.
As we look ahead to 2017, we draw ever closer to the once seemingly distant 2020.  The question remains –what does disruption mean for large law?
“As we […]

Read More

Can Technology Make Your Firm More Client-Centric?

Several years ago, an article in the ABA’s Law Practice Today asked us to imagine a global industry managed by “part-time leaders with minimal business training.”
The business ran for decades on the same model, with few coherent strategies for growth, marketing or pricing. Executives were asked to wear many hats in their enterprises, including professional expertise, sales, marketing, human resources and management. Customer demand never wavered and profits continued to grow at a healthy pace.

Read More
Aderant Think Tank

Guest Post: 5 Deadly Sins Cyber Criminals Know About Law Firm Security

Nearly every day we hear news of some new, large-scale cyber hack. For instance, the recent OPM database hack compromised personal information for over 21 million past and current federal employees and contractors. This attack, along with those on Target, Home Depot and several large insurance companies, have certainly brought the issue of cybersecurity to the forefront. Opinion polls consistently report the risk of a cyber-attack as one of the top three issues keeping executives up at night.

Read More
Aderant Think Tank

Can Your Firm Offer Better Customer Service?

Customer service tends to be an administrative issue handled by someone else. However, in today’s highly competitive legal market, a firm’s customer service level is fast becoming a differentiator between successful firms and all the rest.

Read More
Aderant Think Tank

Can Strategic Planning Help Your Firm Right Now?

Often, the business advice given to firms overlooks some very basic steps that can quickly improve their performance. The term “strategic planning” may sound abstract, but if pursued in an intelligent way, it can effectively address many of your firm’s everyday challenges.

Read More
Aderant Think Tank

Is Your Client and Firm Data Secure?

How confident are you that your firm’s confidential and privileged data is safe? If your law firm resembles most in the world today, your employees regularly use unencrypted email and routinely store files on flash drives.

Read More
Aderant Think Tank

Technology Vendors vs. Technology Partners

A technology vendor somehow manages to oversimplify or overcomplicate an issue and operates at a distance. Conversely, a partner will always try to resolve issues, make your working life easier, and find simple solutions to complex problems. As the proverb goes, “If something sounds too good to be true, then it most likely is.”

Read More
Aderant Think Tank

Is There a Place in Legal for Social Media?

Few would argue that social media is rapidly changing every aspect of our daily lives. Mobile technology has transformed the way we communicate, work, and ultimately make new connections. For most law firms, however, this transformation to an online-centered world pushes up against the tried-and-true methods of word-of-mouth referrals, client meetings, and paper-based practices.
I will admit that, until recently, I was skeptical about social media in the legal industry. Sure, social media works for technology-oriented industries, or for sales […]

Read More
Aderant Think Tank

How Does Business Intelligence Improve Your Bottom Line?

I’ve seen a number of stories lately proclaiming that big data is taking over the world, therefore your firm “must adapt or die!” While I confess to being a big proponent of integrating business intelligence (BI) products into your firm, the reality is that law firms around the world have been relatively slow to adopt the new data technologies. And they are not alone; a recent Gartner survey showed that only 30 percent of all organizations have invested in […]

Read More
Aderant Think Tank

What Will the Future of Law Look Like?

Can you imagine your legal practice five or even ten years from now? If you think that’s difficult, try doing that while properly judging which of the current “hot” legal trends will pan out and which will fall by the wayside. A CIO at one of our firms recently remarked that “the legal industry is going through 30 years of change compressed into five years, and we are now in year two.”
In a recent entry titled Anticipating the Future […]

Read More

Why the Heartbleed Bug Should Affect Your Firm’s Data Security Strategy

The “Heartbleed Bug” has already become a nightmare for anyone tasked with data security, and frankly any company that maintains data critical to its business operations. This reality puts every existing law firm at risk of a serious data breach. A recent story in Corporate Counsel found that the Heartbleed Bug “challenges all that is known concerning Internet security. Because Heartbleed is a structural flaw, it can be exploited repeatedly and without notice to users. Some estimates suggest that […]

Read More