Technology is one of the strongest forces changing law firms today. Rick Kabra, CosomLex CEO talks about how legal office management software can meet the needs of tomorrow’s practice.
The report Client Dynamics Driving Change in the Legal Profession, released by Robert Half Legal, lists trends that law firms need to be aware of, if they wish to remain competitive. Many of the points brought forth in the report mesh with the design philosophy behind CosmoLex legal office management software. Here are some key sections from the report.
Modifying Law Practice Management Strategies
Clients demand greater efficiency from their law firms —efficiency your firm can realize when using the latest software tools. Clients are also negotiating for alternate fee structures, so legal billing software must be ready to accommodate arrangements other than the standard billable hour.
Adapting To Globalization and Technology
Virtual law firms using cloud-based software are growing in popularity. Cloud-based software allows law firms to deliver value to clients by cutting expenses and keeping the practice scalable as client demands rise and fall. Dedicated legal technology platforms like CosmoLex cut overhead fees and give attorneys the flexibility to meet client needs.
Building New Legal Support Staffing Models
Law firms have always allocated work that doesn’t need an attorney’s attention to support staff, but the modern practice must be even more agile. CosmoLex’s rate tables make it easy to create hybrid positions that can bill an appropriate rate for the work actually done and the timekeeper system allows you to track which staff members from a talent pool worked on a given matter.
Managing Remote Work Arrangements
CosmoLex’s cloud presence lets attorneys use the software from anywhere with an internet connection and from any device including tablets and smartphones. While this can lead to a more efficient workflow and higher morale among the staff, firms also need to be aware of the pitfalls. Law firms need clearly defined telecommuting policies that protect client information and ensure the work claimed is being done.
Fostering Greater Collaboration Between Legal and IT
The report addresses how large firms are bringing their IT people into the legal fold rather than treating them as separate departments. However, it doesn’t talk about smaller firms that are often unable to hire IT staff and don’t have the know-how in-house to understand the new technology. Cloud-based solutions like CosmoLex are ideal for small firms, since we supply the IT experience you need to install and maintain the software.
Whether you have a brick and mortar practice or a virtual law firm, cloud-based legal practice management software is rapidly becoming an essential part a successful law office. Don’t get left behind. Embrace the technology you need to remain profitable.