How Legal Technology Can Benefit Your Business

How Legal Technology Can Benefit Your Business

Mihir Gadhvi 16/12/2021
How Legal Technology Can Benefit Your Business

Legal technology can take your business to the next level providing greater automation, improved security, fewer risks and more transparency.

What is Legal Technology?

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For centuries, laws have existed to guide human beings on how to live. And just like other fields, there has been notable advancement in how it has been practiced. Legal tech has become very popular within the years, and the difference has been felt in any company that has adopted it.

The integration of modern software when offering legal services defines legal tech. It involves automating your law firm systems not just for lawyers but also for the client.

Unlike the traditional way of operating, several law firms have sought to improve their service delivery through legal tech and innovation. Were it not for legal technology; legal procedures would be slower. The use of technology has simplified an once thorough process.

Lawyers equipped with the latest trends in legal technology and innovation inspire confidence from clients seeking representation. It shows commitment to the industry.

What Are Some of the Benefits of Using Legal Technology?

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1. Automation

The management can automate various services such as setting up meetings, billing for clients, and managing documents. These services could have taken up much of the lawyer's time but instead could be used for other duties. Automation is possible by installing a preferred software that will cut the time spent and save the funds that could have been used to hire an office assistant to carry out the tasks.

2. Better Customer Experience

The happiness of the client is the priority of every law firm. This will help in retaining clients and gaining more through referrals. Legal tech supports customer satisfaction. A law firm could adopt software that regularly sends emails to keep clients engaged. You could source reviews and feedback online that you could use to improve your services. Additional features such as the live chat on your company website will be helpful.

3. Ease of Research

Lawyers require to do adequate research on their cases before heading to court. The internet has made research easier as compared to the use of print products such as books. Compared to the print media, information from the web is more accurate and regularly updated. It saves time and makes the lawyer more competent.

4. It is Adapting to Change

A company is supposed to adapt as per the needs of the customer. Many professionals have already adopted the use of legal tech and innovation by their team. Federal courts have been using electronic court filing, and it has worked fluidly for years. Litigation software has also continued to become popular among lawyers.

How Will Legal Technology Change Your Business?

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  • Electronic Case Management

According to Lawrina.com, Lawyers process a lot of data daily. It is a result of numerous court cases and relevant research. A legal technology company has an electronic court case database. Unlike paperwork, the electronic database is more efficient and helps the lawyer be organized. You will be able to track the completed cases and review pending ones. It will revolutionize management. You can assign cases to your team online. Electronic case management is easy to use, and despite the numerous cases, you can just type specific keywords to get the results that you want. It is also possible to access instances from any place using authorized devices.

  • Online Filing of Documents

Technology has made it possible to file legal documents on the internet. Unlike previously, you do not need to appear in the courtrooms to file a copy physically. Online filing of documents has reduced the number of visits to the courts. Document files online are reviewed quickly, and feedback is given to the customer. In an error or rejection, the client is notified, and resubmission is done after making the corrections.

  • Legal Databases

A standard method of legal research is the use of the Electronic database. Extensive research is possible from the numerous legal databases available. Lawyers can verify the law and view the updated amendments.

  • Reduced Chance for Human Error

The creation and storage of most documents in electric form reduce the effort required. In the legal profession, the drafting of documents is significant. Using the proper formats stipulated in the electronic form will reduce the margin for error and make legal documents more presentable.

  • Collaboration Among Lawyers 

Lawyers can share thoughts on different cases on various online tools. It is no longer compulsory for lawyers to sit down and draft legal documents like petitions, prepare arguments for court hearings. It can all be done as a team online. The improved collaboration facilitates court cases for lawyers in different geographical locations.

  • Better Client Handling and Delivery of Services

Through proper tech and innovation, the management can increase client satisfaction. Clients are more likely to employ the services of a company that is more responsive and ever available. Law firms have websites where the client can identify the services offered with just an overview.

  • Automating Contract Reviews

Contract reviews could be time-consuming but continue to be one critical service in the law firm. An automated contract review system will process contracts, identify the parts that contain risk based on the company's standard on what is acceptable or not, and also based on the lawyer's actions in the previous contract when presented with errors. It is possible because of artificial intelligence.

The tech prepares a risk report that directs the lawyer on which areas to adjust. The software informs the lawyer of any changes. In the absence of an automated contract review, the lawyer will have to read the full document to identify the minimal risks.

Conclusion

Technological advancement has completely changed the law industry. There is a change in corporate practice, documents management, and courtroom proceedings. The traditional approach is beginning to fade out, as both the lawyer and client utilize modern resources.

The new workforce expectations have transformed the culture of long waiting hours. The digital era has enabled legal professionals to work from home, helping to soften the previously hectic schedule.

Every business has objectives set by the management; adopting legal tech and innovation improves your chances of accomplishing the goals. The legal team will be under less pressure and motivated. Automation will bring less stress and aid the lawyer in having a balanced work-life.

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Mihir Gadhvi

Tech Expert

Mihir Gadhvi is a Director at Illustrake Digital Marketing Services Pvt Ltd. He has commercially focused on social media marketing through consulting and strategies while also helping various brands in growing their businesses. He has worked with over 200 start-ups, SMEs, brands and agencies across the world, offering strategic media support services that increase ROI. Illustrake helps businesses and individuals with all aspects of Digital Marketing Strategy, Social Media Marketing, Search Engine Marketing (SEO & PPC), Branding & Designing, Video Animations, Web/App Development, and Conversion Optimization. He is also the co-founder of 3nions and social media manager of a tech-based resource.

   

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