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THOMSON REUTERS PRODUCT SPOTLIGHT

How to Make the Smartest Legal Technology Investment

By Thomson Reuters

Lawyers using smart legal technologyAn Essential Guide to Select the Right Law Practice Management Software for Your Firm

We’ve all heard that lawyers are risk averse when it comes to technology. And it could be easy to draw that conclusion from the most recent ABA legal technology survey report, which reveals that the number of lawyers taking advantage of legal practice management software is declining even though most law firms with at least two employees make it available.

But there could be another issue at play that’s worth contemplating: Maybe the problem isn’t lawyers’ so-called aversion to technology at all. Maybe their law firms simply chose the wrong software, or lawyers are reluctant due to a previous bad experience.

If you want to ensure you’re investing in technology that won’t end up as another untouched shortcut on your team’s laptops, then check out this easy-to-read, actionable guide by Jim Calloway, legal technology expert: How to Select the Right Law Practice Management Software for Your Firm. Calloway is the Director of the Oklahoma Bar Association’s Management Assistance Program, a blogger at www.lawpracticetipsblog.com, a podcaster at Digital Edge — Lawyers and Technology, and a past co-chair of ABA TECHSHOW.

The Opportunity Cost of Your Technology Decision

Here’s why you need to do this: If your team doesn’t have or won’t use their practice management software, the opportunity costs could be huge.

Consider a study by Blue Hill Research, which analyzed usage of law practice management software at general practice firms. Blue Hill found that lawyers who embraced the technology achieved 71 percent more referrals, 12 percent higher client satisfaction, and 9 percent more billings than lawyers who had the technology but didn’t take advantage of it as often.

There are many reasons why small law firms need practice management software. But the common theme is that law practice management can make your job easier by helping you:

  • Track the moving parts of your firm’s matters from a single dashboard — including contacts, emails, documents, notes and tasks, calendars, research, time and financial information.
  • Avoid malpractice issues thanks to automatic legal calendaring, comprehensive conflict checking, and world-class data-breach protection.
  • Streamline time and billing, and financial performance information.
  • Work from anywhere and keep their matter team up to date effortlessly.

To avoid making a technology decision you may regret, check out the How to Select the Right Law Practice Management Software for Your Firm white paper, which provides the unbiased legal tech expertise of Jim Calloway. Then, rest assured knowing you’re doing everything possible to make a smart practice management investment.

SPONSORED CONTENT. Product Spotlight showcases content provided by Attorney at Work sponsors and advertisers. This does not constitute endorsement by Attorney at Work. See Terms and Conditions for more information. 

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