Despite the fact that there is a rage for legal innovation, there is plenty of resistance. This is especially true in the case of law firms that seem to be stuck to traditional methods of doing things, failing to embrace technology to their advantage. However, if they want to succeed in a competitive industry and in this digital age, it is critical to pay attention to innovation. That said, the rest of this post will quickly tackle some of the things that will make a law firm innovative.
- Taking it to the Cloud
Innovative law firms use cloud case management software to make their operations more efficient and productive. It can deliver a number of benefits, such as improved scheduling and timely billing. This will also allow lawyers to access case files regardless of the time and location making it possible to work securely even when outside of the office.
While there are many options for cloud technology and legal billing software to use in a law firm, one that should be on your radar is Rocket Matter.
- Embracing Automation
Being innovative also calls for the need to have automated systems that will make things easier for people within the organization. One of the best examples of this is the learning machine that has been developed by JPMorgan. The latter interprets commercial loan agreements that previously took 360,000 hours for lawyers to complete. This allows lawyers to deal with the more important aspects of their work.
- Using Big Data
The analysis of big data through innovative systems will also deliver a variety of benefits to the law firm. This is quite related to what has been mentioned above about automation. With automation and artificial intelligence, managing big data will be easier for law firms, providing valuable insights that can be instrumental in their success.
- Training Employees
Technology should be complemented with a well-trained workforce. The lawyers and all the members of the firm should be trained on how they can leverage technology. Especially the older ones can be hesitant at first, but when the system is intuitive, it won’t take long before they will regret not embracing technology sooner.
- Establishing Flexible Work
It is also common for innovative law firms to have a flexible work environment. Some of them are utilizing remote work technologies, making it possible for lawyers to complete their work in the comfort of their own homes without compromising the end results. This results in better work-life balance and higher productivity, among other things.
- Embracing the Game Changers
One thing that makes innovative law firms different is that they are not afraid to embrace the game changers. They belong to a breed of firms using the NewLaw business model. They are the ones that are partnering with other businesses who are changing the legal game. They collaborate and adopt new practices to defy what the traditional firms are doing.
Law firms must strive to be innovative to stand out from the competition. They should pay attention to the things that have been mentioned above to be pioneers of legal innovation.
