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Legal technology can completely change the practice of law. But implementing legal technology into your law firm can have unexpected challenges. Indeed, incorporating law and technology into your practice can seem like a daunting task, especially if it means changing familiar habits and procedures. However, taking on the challenge to implement new technology into your firm can offer significant long-term benefits. By proactively embracing the world of law and technology, your firm can become more efficient, profitable and productive than ever before.
Legal technology is reshaping the legal practice at an incredible velocity. This includes online case management systems, filing, e-discovery, regulatory technology (which increasingly provides globalized compliance, monitoring and reporting solutions) and confidential email correspondence with the capacity to send large files. These novel solutions are powered by advancements in cutting-edge technologies like artificial intelligence, machine learning, blockchain, analytical forecasting and cloud services.
As difficult as implementing new technology may be, your firm will benefit by embracing the systematic changes it brings. Take advantage of technology to pull key data from documents, sort through case material quickly with pinpoint searches and implement smart contracts into your legal work. However, technological adoption does not mean that you need to completely reface your entire operation. Be selective; use the technologies that work the best for your systems and leave aside the ones that don’t. Evaluate what activities are the most time-consuming tasks in your firm’s operations and start integrating technology as a smart investment fix. You will be pleasantly surprised at how successful a simple technological solution can be at improving a variety of tasks, management and organizational elements.
Technological adoption can seem overwhelming at first, but this is one clear way that firms can get an edge on the competition. Here are a few common challenges firms face when adopting new legal tools or software.
If your firm falls behind on the ebb and flow of enterprise technology, it can become very difficult to catch up. This is particularly significant when considering how likely it is that opposing counsel, clerks and judges are already using advanced forms of technology to make the legal system processing simpler and more transparent. Worried about how changes in technology will affect your firm? Check out our technology insights and trends.