Sentences with phrase «traditional law firm technology»

We say that because the traditional law firm technology industry (those companies selling technology solutions to law firms) have really fallen short in providing firms with the right tools to capture the right metrics.

Not exact matches

Client expectations and an incoming generation of lawyers weaned on technology, gaming, and the Internet, are forcing the traditional law firm and ways of practice to change.

In an article last week, The Economist takes a look at a few ways that technology is providing clients with alternatives to traditional law firms.

As I read this chapter, a particularly adept observation about technology and its rather limited use by traditional law firms jumped out at me.

Bernard has long been a promoter of technology and innovation in the law, and her understanding approach to the often slower decision making processes within traditional law firm, and passionate belief in new innovations and ideas has enabled her to create successful «co-innovation partnerships», allowing lawyers to explore and experiment with pilots and give them the space to adapt and change their thinking for themselves.

The slow uptake of technology in traditional law firms is going to spark a «tidal wave» of legal start - ups as lawyers branch out on their own, according to a legal consultant.

The difference between ourselves and a traditional law firm is that traditional firms see technology purely as a cost - saving measure: if I do this, the cost can go down.

Peppermint Technology and Brilliant Law, the UK's first law firm founded by non-lawyers, will be working together to challenge the traditional landscape of legal servicLaw, the UK's first law firm founded by non-lawyers, will be working together to challenge the traditional landscape of legal serviclaw firm founded by non-lawyers, will be working together to challenge the traditional landscape of legal services.

A virtual law office, or virtual law firm, is a law practice that doesn't have a traditional brick - and - mortar office and largely relies on technology to meet client needs.

The traditional law firm model, driven to its logical extreme, is busting its gears and jumping its track at the worst possible time: clients are ready to impose unilateral retainer conditions, competition from non-traditional law offices, non-lawyers and overseas lawyers is gathering steam, and technology that can automate, systematize and rationalize law firm cash cows like due diligence and document review is here.

Many states have yet to rule on the legality of virtual law practices, but as new technologies continue to make VLPs a more attractive alternative to traditional brick and mortar law firms, the legal landscape will undoubtedly continue to evolve.

A technology enabled association of autonomous lawyers with similar goals, these firms essentially operate financially more as collectives than traditional law firms.

In this technology - oriented and highly systematized manner, we are quite different from a traditional law firm.

«Traditional law firms are facing increased competition, so many are adopting cutting - edge technology to streamline processes and reduce operating costs, or are outsourcing to an external provider,» she added.

While it may become a bit overwhelming digesting all that's happening — legal tech startups, law firms partnering with technology service providers, new and advanced technologies like machine - learning, AI and blockchain, the vast majority of those in legal services are still operating under traditional methods.

The statistics also indicate a rise in the use of technology and outsourcing by traditional law firms in the UK, the U.S. and East Asia, says the company.

Morris says he believes when new and junior lawyers see what the technology is capable of, and that it is possible to operate in an ethical and professional way using it, and also how «incredibly inexpensive» it is compared to running a more traditional law firm, «we'll see a lot more people doing it this way.»

However, in 2016, even the most aggressively traditional law firms can not entirely avoid technology.

With a significant international client base, especially in the technology and consumer products sectors, Valerie sees her role as bridging the gap between in - house counsel and a traditional external law firm — by thinking more like her clients, and not just as an outside lawyer.

But changes in consumer technology adoption, business technology systems, legal industry demographics, consumer demographics, and the underlying global economy will, in the next 10 years, disrupt even the most «traditional» law firms.

ConductLaw is among a new breed of law firms that, in addition to traditional legal advice, can help entrepreneurs and businesses succeed by leveling the playing field for legal services and leveraging technology to make leading legal advice accessible and customizable to the needs of the entrepreneur, business owner, manager, and their families.

While traditional law firms are often nervous about competing with new technology - led law firms such as Riverview Law, Wallqvist says that their longevity and experience can give them the edge if they embrace technololaw firms are often nervous about competing with new technology - led law firms such as Riverview Law, Wallqvist says that their longevity and experience can give them the edge if they embrace technololaw firms such as Riverview Law, Wallqvist says that their longevity and experience can give them the edge if they embrace technoloLaw, Wallqvist says that their longevity and experience can give them the edge if they embrace technology.

Every week alternative legal service models and technology are being combined to further eat into traditional law firm market share.

Fieldfisher held off esteemed competition to claim the Law Firm of the Year award, sponsored by Fulcrum GT, in recognition of its efforts to harness technology as a way to differentiate itself from traditional firms.

While the traditional career path inside a large law firm will remain, and the drudgery of some tasks will decline given technology, new paths into legal technology companies are opening up.

«For traditional law firms it's good to have students who know their way round technology,» she says, adding that some law firms are now hiring for new roles such as legal solutions architects.

«Our focus on leveraging advanced technology to transform the practice of law has provided FisherBroyles with a platform that continues to attract top legal talent from traditional law firms and provide high - quality, cost - effective legal services that benefit our clients and partners.»

Traditional law firms are investing heavily in new technology and productization.

Technology will not supplant lawyers, but it will enable legal services — and products — to be delivered differently than the traditional law firm partnership model.

This is not a traditional legal research tool in the sense that a law firm lawyer would use, but it does allow a corporate client a technology assisted solution for compliance with a myriad of local, regional and state - level regulations that are prone to change rapidly and with little notice.

They're not just competing with each other, they're now competing with an ever expanding plethora of technology - driven solutions that seek to bypass traditional law firms altogether.

ALSPs are investing substantial capital in comprehensive business / legal solutions, including in technology enablement, near - shore and onshore delivery locations, as well as in vertical industry expertise so they may have very different conversations with clients than in a traditional law firm engagement.

The article, entitled «Unleashed», focuses on the growing trend among law departments, law firms and technology vendors to have employees working remotely from locations outside of the traditional office setting.

While many law firms are already investing in new technology to transform their businesses, a significant number still carry out tasks with a traditional mind - set.

Some additional distinctions between Liam Brown's «law company» and the traditional law firm include: (1) performance and reward structures that value output over input; (2) closer alignment with the financial and enterprise objectives of the consumer; (3) a corporate structure that takes a long - term, client - centric view over profit - per - partner; (4) continuous process improvement; (5) investment in technology; (6) focus on «the right resource for the task»; (6) compressed delivery time; (7) a continuous quest to use technology and process to automate tasks and gather «big data» for benchmarking, predicting, and quantifying risk; (8) a transparent, 24/7/365 accessible connection with legal consumers; (9) supply chain management expertise; and (10) reduced cost.

Under the opinion, attorneys with a VLO can not make the statement that their fees are less than those of a traditional law firm but can explain how the use of the technology to deliver legal services results in lower overhead for the firm and that this may reduce fees.

Uniquely positioned via decades of experience as attorneys, law firm administrators, paralegals, law firm trainers, and legal IT, Affinity consultants have been working with law firm clients since 1998 on technology audits; strategic business & management assessments; technology selection and implementations; traditional and cloud - based financial practice management; litigation support and trial preparedness; and in - house training and professional development.

The many law firms that dismiss mechanisms designed to reduce waste and increase speed as for commodity services only, should read Clayton Christensen's «Disruptive Innovation» for a wake - up call: new technologies that deal with the commoditised end of the market rapidly improve and move up - stream to challenge traditional orthodoxies.

Workshop theme and goals: For KM to continue to grow in law firms, we need to move beyond «traditional» projects and technology initiatives.

Even law firms themselves acknowledge that investing in new technologies is a challenge, mainly due to the traditional partnership model.

With the rising number of female lawyers, together with cloud based technology and a growing realisation that the rainmakers in a law firm should be properly rewarded for their contributions, the traditional model of a law firm is looking more and more archaic in a more commercial age.

The traditional model of a law firm is in a state of disruption and the future law firm will be driven by leaders who understand technology, efficiency and innovation.The legal sector is changing rapidly and will continue to transform rapidly.

Traditional law firms and in - house legal departments who adopt AI and appropriate advanced legal technology will be well positioned to deliver real - time insights, enhanced decision - making, and improved efficiency.