Navigating the Journey to the Cloud
In PWC’s 2017 Annual Law Firms survey, firms said that one of their top two priorities was improving the use of technology. And, the focus for improving IT functions within their firms centred around getting the basics in place.
These results echo what we as a business have been hearing from our client base and experts across the industry; there’s an abundance of technology and innovation available, but many of the IT basics aren’t yet being leveraged effectively. This is where cloud-based solutions can act as a stepping stone towards innovation.
The term ‘cloud’ is everywhere. In the simplest terms, it means storing and accessing data and programs over the internet instead of your computer’s hard drive. But not all systems are created equal and we’ll be exploring this concept in more detail in future articles.
There is now a general acceptance across the legal sector around cloud technologies as more and more firms become ‘comfortable with cloud.’ And, as cloud offerings mature, and the legal sector becomes increasingly comfortable with consuming these services, the range of solutions will inevitably increase to suit new business needs and capitalise on different opportunities specific to the SME legal sector.
Cloud technology in any business has a range of significant benefits, however, as a medium-sized law firm you may find yourself increasingly competing against larger law firms for the same pool of clients and this is when effective use of technology becomes the real differentiator.