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Top Five Technologies that Predict a Law Firm’s Success

Law firms everywhere are facing pressure to lower costs for their clients while improving productivity and enhancing efficiency. They’re expected to win new business and develop further business from existing clients. Where to start?

Technology.

In a recent survey about the business of law and legal technology, respondents answered questions about the challenges they face, from billing concerns, operations, maintenance, and improving the firm’s flexibility to changes happening internally and externally without losing momentum.

Of course, the most overwhelming answer as to why more technology wasn’t being implemented was cybersecurity. Firms are still resistant to the cloud.

But for the tech-brave, here are the ways technology is helping the most agile firms out there:

 

  1. Since the front office of your firm is becoming more tightly integrated with your finance, case management, marketing, accounting, and tech departments, document management is integral to success. Through Cloud-based solutions and collaborative tools, the process is seamless and more efficient.
  2. Billing is key, but have you ever determined how much time is spent on pre-bills and invoices? Again, collaborative financial software is a huge factor in improving operational efficiency in this area.
  3. Your marketing department needs to have access to analytics and big data related to the effectiveness of their outreach programs and business maintenance endeavors. Is a campaign working? You can see the numbers immediately.
  4. Automating manual tasks is a favorite way to use technology to your firm’s advantage. Improving work and task flows benefits the firm overall in the most significant, immediately measurable way.
  5. Possibly the biggest tech advance to hit the legal industry is the adoption of speech recognition software, but we are all aware of its limitations. Its challenges include the varied pronunciations of words, particular dialects and accents, and cross talking. The result is the continued growing need for court reporters in courtrooms and legal proceedings that had been relying on digital recording with poor results.

 

That’s exactly where DLE Court Reporters comes in. We pride ourselves on being tech-forward where it counts, and we put in the work when the results matter. To us, they always matter.