Between droves of partner retirements, the increased pressure of competition in various locations and practice areas, and slim to no profit margins, law firms must find creative solutions to stay afloat in today’s market. Some have found ways to cut costs and time spent on more mundane tasks by outsourcing their processes to technology. Find out more below about how firms are utilizing technology to increase their profits.
In the digital age, every practice must have an effective and efficient website to reach the appropriate clientele. Not only should websites be professionally and visually appealing, but the must be adaptable for mobile screens and enhanced with search engine optimization (SEO) techniques. These three features will help law sites stand out from the competition. Most law professionals don’t have time to devote the proper development of a website, so they outsource this to a third-party that specializes in law firm web design. In terms of returns on investment, this is an expense that should never be overlooked.
Some law practice management software, like that of https://www.smokeball.com/law-firm-websites/, include a library of thousands of different legal forms so firms can find, customize, and fill out the exact forms they need in a matter of minutes. Everything is in one place, which cuts down on time spent looking for correct documentation between various government sites. This feature allows lawyers to be more efficient with their time and can devote the saved hours to the most important tasks on their to-do list.
Mobile technology is almost necessary in every niche these days, and law is no different. The ability to access documents or other files while meeting with a client on-the-go helps increase the efficiency of the time spent with clients no matter where the meeting takes place. Many of this is accomplished through cloud technology where users don’t have to be connected to the internet to find what they need.
Another area where law professionals are integrating technology into their workflow is in the timekeeping space. Not only does law practice management software keep track of time spent on client work so billing is easier, but it also shows lawyers where they are spending the majority of their time. This helps them easily calculate returns on time invested and figure out where they need to be spending more of their time, and where they can cut down to earn the most profit.
These four integrations are helping law firms become more efficient, cut costs, and save time in 2018. Whether a firm needs one of the above solutions or all four, they can sometimes find a company that offers website design, optimization, management software, and mobile accessibility all in one place to keep everything congruent and organized. In the world of law, nothing stays the same for long. To survive and thrive, a firm must quickly adapt to the changes and stay ever-more efficient over their biggest competitors.