Legal Technology Musings

It’s annual survey time and the results are in!

Law Firms [Slowly] in Transition provides a summary of the the Altman Weil review of law firms and the challenges they face. Sadly those challenges seem to have changed little over the years – price competition, commoditization of legal work, outsourcing, etc. However, most interesting are the results of the question asking “Can you envision a law-focused ‘Watson’ replacing any of the following timekeepers in your firm in the next 5 to 10 years?” and how this year’s results compare to the same question in previous years. Hint: the percentage of those who think it can are rising.

Highlights from the Just-Published ILTA 2015 Technology Survey reveals that security and mobile usage and mobile device management are top of mind for many firms. Surprisingly, the percentage of firms not using a knowledge management system is still high, but kudos to the high percentage (46%) of firms that are using enterprise social networking tools for internal or external communications.

Finally a pat on the back is in order for the first firm to pass the legal technology audit – A Firm Finally Passed The Legal Tech Audit. Perhaps others will follow suit! Not surprising that training was the key to passing.

 

About Bose McKinney & Evans LLP

Bose McKinney & Evans LLP is a business law firm, headquartered in Indianapolis, Indiana, serving both publicly held and privately held businesses, governmental entities and high-growth industries. Our clients include Fortune 100 companies, international manufacturers, national and regional financial institutions, agribusinesses, sports teams, university-incubated start-ups, media, utilities, cities and schools, to name a few. We strive to build strong relationships with our clients as key business advisors, to exceed expectations in the quality of our work, to be knowledgeable about our clients’ businesses and sectors, to be responsive to service needs and to continually seek to improve the delivery of client services. Our ultimate focus is on our clients.
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