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How is your law firm performing in an increasingly competitive environment? Are you making the most of the technology solutions available on the market? The truth is that the modern law firm simply cannot succeed and be profitable without the right IT strategy and the best systems in place. This slideshow from DPS Software takes you through some of the solutions that could enable your legal business to reach its full potential in a new era for law and the firms that practice in it... This is a summary of our white paper ''Pushing the Limits. Maximising law firm profit through the right IT''- available for download from our website-- > http://info.dpssoftware.co.uk/legal-practice-management-software
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Pushing the
Limits Maximising law firm profits
through the right IT
2013- The trends that
shaped the legal sector
this year
• The emergence of new business models
January 2012- the Solicitors Regulation Authority allow
commercial entities to set up Alternative Business
Structures and enter the legal market.
May 2013- around 140 ABS applications have been
approved (Post Online).
2013- The trends that shaped
the legal sector
this year
• The industry consolidates
As law firms struggle to increase revenue and enter new
markets, the industry sees more Mergers & Acquisitions.
• More business for smaller law firms
Large companies give choose the services of midsized law
firms as they look to decrease their legal expenditure (the
Corporate Executive Board).
2013- The trends that shaped
the legal sector
this year
• Social networking
Trying to reach prospects and up their marketing, more law
firms have built a presence on social media.
The number of lawyers with an active account on social
channels has increased by 4% (2013 American Bar
Association).
2013- The trends that shaped
the legal sector
this year
• Investing selectively in legal technologies
Case management software and e-billing technologies listed
as the most popular IT solutions in 2013 by the Corporate
Executive Board.
“There is a growing
recognition that
technology will play
an increasingly central
role in the emerging legal
environment.”
ROHIT TALWAR
The Raconteur
More power to your clients
Technology like the Internet and mobile devices put
your clients in control by giving them:
- Free access to information and to a larger pool of
legal services suppliers
- More influence via social media- simple
statements and opinions can spread like wildfire
on Twitter, LinkedIn and other social channels.
More power to your clients
The moral
Client satisfaction can no longer be assigned
secondary importance.
More power to you
The only reason why you should adopt a new
technology is to enhance your profitability.
More power to you The right IT solutions should help you:
Spend less time doing admin work
Dedicate more time to income-generating tasks.
Save & make more money in the process
Getting IT
right.
Selecting the IT solutions
you really need.
1) Case
management
software
Manage work efficiently
Case management software enables you to:
‘’One of the most convenient factors of implementing such a system is
the fact that more than one person can view case documents at
any one time.’’ IT Director, Tees Solicitors.
Case management software
Manage all your cases, matters and associated documents in one
system.
Automate manual, repetitive tasks such as the filling out of forms.
Assign tasks and monitor the efficiency of each fee earner
Get actionable statistics reflecting the performance of your firm
Want to learn more? Visit www.dpssoftware.co.uk
2) Legal
accounting
software
Put your accounts
department at the
heart
of your law firm
Legal accounts software Never lose touch with your money
Get ad-hoc and scheduled reporting of key financial information
Automate online bill submissions
Digitise billing and payment request systems
Provide a common working platform for both fee earners and the
legal accounts staff
Get paid quicker
Legal accounts software
The money link
What you need is….
- a product that works, looks great and is user friendly.
Download our white paper to learn more…
3) Digital
dictation
A more flexible way of
working
Digital dictation software Main benefits
The main advantage of the system is the possibility to work on the
go. Dictate from any remote location, be it home, court or
conferences, irrespective of the existence of an Internet
connection.
Enhanced data security: The dictations are only accessible to the
person dictating and the secretaries that these are sent to.
Digital dictation software Main benefits
Faster turnaround: As dictations are sent electronically, the
transcription work can begin before you even get to the office thus
speeding up the progress of a case or matter.
Digital dictation software Main benefits
Reduce your law firm’s
paper consumption and the
costs associated with it.
Digital dictation software
Want to learn more?
Download our white paper to learn more…
4) Client portal
solutions
Communicate,
collaborate, succeed
Client portal solutions Main benefits
Facilitate the collaboration between all the parties involved in a
case
• Fee earners
• Clients
• Estate agents, other stakeholders.
by enabling them to update and transfer case-related documents,
electronically in real-time.
Client portal solutions Main benefits
Collaboration at no costs
All the documents exchanged are secured and
cannot be read or modified unless the user was
given the right to.
Client portal solutions are far more sophisticated than free document-
sharing platforms in terms of security.
Client portal solutions Main benefits
Less paper usage and lower postage costs-
As documents are sent electronically you don’t
need to print and mail as many letters as
before.
Client portal solutions Main benefits
The money equation
Thank you
For more information and
free resources
visit
www.dpssoftware.co.uk
