Growth within the legal industry has significantly slowed down since the financial crisis in 2008. Many practices are struggling to stay afloat and fear the costs of updating their intake methods. In spite of this common view, legal practices should be converting to more mobile friendly practices in order to remain competitive. The business of practicing law is evolving quickly and firms that refuse to adapt will simply not survive.
As more players enter the marketplace, competition to retain clients while keeping costs low continues to rise. Firms that utilize modern technology such as e-signatures and electronic intake are able to attract more clients while efficiently filing necessary documents. The future of the legal industry belongs to the firms that choose to convert and update their operations that allows for increased productivity per working hour.
People today are constantly on the go and electronic intake allows attorneys and clients to access documents from anywhere at any time. Collaboration efforts between lawyers and paralegals is streamlined as they are able to stay connected via mobile technology. As clients continue to seek firms that provide valuable services at low costs, it is imperative for legal practices to increase operational efficiency. Acclimatization to electronic intake is what will set apart the firms that survive the transition into the Information Age; and those forced to liquidate.
Source: Fonality, The Modern Lawyer: 5 Technologies Every Lawyer Should Be Using Today. (2014)