lawtech disruptors

Top 10 Lawtech Disruptors

Linkilaw Business News

Ready or not, here they come – lawtech disruptors that is!  If you’re already familiar with disruption’s role in business, then you already know how convenient these innovations can make your everyday life. If not, it’s worth your time to investigate!

Meant to improve the way we get our jobs done, disruptors in our workplaces are like little gifts from the technology elves – often cutting our workload (and headaches) in half. It’s no wonder, then, that disruption technology has also invaded the online legal sector. Only, it is kind of surprising!

Lawyers with their wealth of (billable) knowledge and the legal system with its roots firmly planted in tradition – seem like the last place that technology could disrupt, right? Not to mention, they get paid for the long hours they spend researching and so it would seem they’d be the last people to want digital technology shortening their hours!

[tweet_dis_img]Only 58.5% of law firms budgeted for technology expenses in 2013. [/tweet_dis_img]

What’s Going On?

Are lawyers welcoming this technology? And if so, are they feeling the burn from the money their clients must be saving? Well, yes and no.

The lawtech disruptors burrowing their way inside the legal sector live right alongside the tradition that has cemented the industry for decades. Not intended to take the place of the brilliant men and women who serve as legal experts, these disruptors are championing the simplification process.

While smoother processes can translate into fewer billable hours, it allows lawyers to take on more clients and fulfil their needs more quickly. It’s a win-win, right? In fact, with an unprecedented demand for legal guidance, lawtech disruptors couldn’t have come at a better time!

[tweet_dis_img]Top 10 Lawtech Disruptors[/tweet_dis_img]

Who’s Doing What?

Here are 10 lawtech disruptors helping make the industry more accessible than ever before:

1. Prezi – White boards? Markers? Legal pads? What are those? Prezi is the new way that legal professionals give presentations. Whether they need to lay out strategies for clients or communicate cases to colleagues, the software is redefining what visual storytelling looks like. And, with low cost monthly payments, legal professionals are pleased with how the platform can adapt on the fly. They are also just fine with how it has disrupted the old ways of presenting information. (Hint: don’t buy stock in presentation boards anytime soon.)

2. ConsilloWhat fits in a computer, can analyse kilobytes of data in a few hours and saves millions of dollars in labor? No, it’s not a riddle, it’s Consillo; top-notch eDisclosure technology and project management software that disrupts the gruelling and labor intensive task of reviewing documents. The programme, which comes with its own army of experts and translators, is the preferred choice for legal offices across the globe.

3. Clio – Ask any lawyer in the world and they’ll agree: time is money. And, if there’s one thing they hate wasting time on it’s tedious (but necessary) administrative tasks like managing case files, documents, bills, time-tracking and accounting. Thanks to Clio, the organisation of an entire firm – from scheduling meetings to sharing documents – is in one easy-to-access place so lawyers can focus their time back on their clients.

4. RavelLaw – If there’s one thing that attorneys do more of than anything else, its research. Whether they need to peruse libraries for precedents or verify definitions or parameters – lawyers could easily lose days in the wormhole that is legal research. But thanks to disruptor startups like RavelLaw, data has never been easier to find. Their thoughtfully designed tools even include Judge Analytics – navigating millions of documents to estimate how a judge “thinks, rules, and is influenced.”

5. ShareFile – Ever been told your file is too large to send? (It’s annoying right?) Citrix ShareFile is a cloud-based storage solution that offers law firms fast, easy and secure file-sharing capabilities on any device. The best part? It is fully customisable and can integrate with tools already in place. It also provides tracking and reporting features so you know who is viewing files (and when).

6. Disco ­- E-discovery is a term every solicitor has become familiar with of late. That’s because the millions of relevant documents they need to wade through (for each case) are mostly digital these days. Disco is a lifesaver – combing through emails, texts, videos and other online documents in a fraction of the time. But it doesn’t stop there, after the information is gathered, they store and manage it in a reliable way.

7. Cyber Revolution – You cannot marvel at the Internet and its cloud-based tools without also worrying about security. With over 15 years in the business, Cyber Revolution is the leader in cyber security and provides peace of mind to SME law firms all over the world, for a low monthly rate. The company also prides itself in its ability to constantly evolve – anticipating threats even before they happen.

8. Bill4TimeGetting paid is a pretty important part of the legal process, but with innovative technology making its mark, invoices are not as straightforward as they once were. With Bill4Time, however, lawyers can create customised statements with this flexible and simple-to-use online tool. Clients even have 24/7 access to these invoices via a secure payment portal. (Talk about a welcomed disruptor!)

9. Anaqua – Another cloud based management tool, Anaqua helps law firms turn intellectual property into a competitive advantage by managing their processes, data, assets and services efficiently and securely. Their intelligent software platform gives your practice better insight into decision making, while also allowing you to dramatically reduce costs.

10. Surface Pro – We couldn’t make a list of great disruptors without including “the tablet that can replace your laptop.” Considered the ‘modern legal pad’ this nifty tablet allows lawyers to jot down handwritten notes in court (or during client meetings) when it is often more convenient to do so – while later converting these shorthand scribbles into neatly typed files. Complete with a keyboard, the tablet easily becomes a personal computer, too, making it the perfect tool for a busy lawyer who’s always on the go. (Aren’t they all?)

There you have it, the lawtech disruptors currently wreaking havoc on the traditional methods of legal representation – leaving behind lawyers who are jumping for joy!