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Embedding The Culture Of Technology And Innovation In The Legal Industry

Legal technology has by far been the most trending and thought-provoking topic for quite some time now. In a solid attempt to empower law firms and allow lawyers to work more efficiently, the legal industry strives to adapt and consolidate technologies in the everyday work routine.

 

While experts still argue that the industry is yet to fully accept the benefits of technology, many believe that digital transformation and technology is making its way to revolutionize and re-shape the traditional way of law-practice. Fundamentally, it’s because most digital technologies provide possibilities for efficiency gains and customer intimacy. But if people lack the right mindset to change, it only displays that the current organizational practices are flawed.

 

Blamelessly, technology has proven its notable role in enabling lawyers as “Service Providers” through efficiency in an extremely cost-effective manner. After the role goals concrete, technology sophisticating expeditiously in providing law firms the shot to thrive and expand, which has been substantial in almost every department of a law firm including courtroom operations, archive management to service deliverance. This has in turn led to an upright democratization in the industry business, assuring a more competitive edge for lawyers to use their expertise for ease in delivering the information.

 

Additionally, another proven factor to have had a positive outcome for lawyers/law practicing organizations is innovation. Nowadays, law is rife with ‘innovation departments,’ ‘legal pioneers,’ and ‘visionaries.’ The current state of the legal industry stands between two major groups of law firms the one which believe and tend in contrasting manner of performing legal services and the tech innovators and the staid traditional law firm

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Law Innovation Between Fiction and Paramount

To put it in simpler terms, innovation can be defined as an improvement by applying ideas to satisfy the needs and expectations of customers. Lawyers’ consensus their critical concerns on one question: How can I improve client’s accessing with efficiency legal advice deliverance? How can we deliver legal advice more efficiently?

 

This may be a bit contradicting to what lawyers have been taught in working by themselves that rends to take a decentralized approach but legal industry business has now begun to work things differently, in a more innovative manner to execute cleverly. Based on interactions with clients’ satisfactions surveys, a more unified process would be better to receive. Whether traditional law firms accept it or not, the legal industry around us is changing rapidly and more positively, generating new ideas and trends to meet their client goals.

 

Innovation isn’t a mere trend, but in fact is one of the most imperative functional areas in law firms today. In order to vantage legal service deliverance to their clients and increase competitive advantages, law firms are now incorporating innovation strategies through the use of digital technologies such as AI, data analytics, automation and more.

 

Based on experts’ statistics and law firm leaders, some prominent law firms are already creating their own innovation departments that serve new strategies and implement various solutions throughout the firm. But the question here remains- When should the law firms’ transition stage take place?

 

According to a recent survey conducted of corporate counsel by Thompson Hines in March of 2018, only 4% of in-house counsel reported seeing a lot of innovation from their law firms. Only 29% of these in-house counsels said their firms had made any significant changes to help alleviate pressures they faced. 70% of the counsel could not cite a single example of an innovative change made by their firms.
Instead, the majority of firms continue to be focused on short-term profitability, and are thus rewarding partners on that basis rather than taking steps to create more efficient internal firm processes:

 

“Most firms (62 percent) that have moved toward rewarding efficiency and profitability (not just absolute revenue) in partner compensation decisions have seen consequent improvements in performance. However, few firms have made serious attempts to systematically reengineer work processes (22 percent) or implement formal knowledge management programs (28 percent).”
This proves to be both problematic and unsurprising. Problematic because with the wave of technological and innovative change driving across other industries, the legal sector is lagged behind in seizing an opportunity that will only help in the better outcome of legal services. Unsurprising because law firms have become so comfortable working in the same traditional manner since decades that they are hesitant to welcome any sort of change.

 

Factors Taking Legal Innovation Downhill

While innovation keens to bring positive changes and is slowly morphing into something different, there may be factors that are ceasing law firms to adapt it. One of the main reasons why law firms aren’t willing to innovate is risk assessment.

 

Since the commencement of law and in the entire history of legal industry, lawyers are taught to minimize the risk in any given case or matter. The archetypal solicitors have been practicing to take the least in risk approaches and rules.

 

On the other hand, it’s rightly said that “Necessity is the mother of invention,” which means innovation is all about taking risks and breaking the rules. However, when you abide by rules, you may predict certain results. Lawyers, thus, need to explore a side and maintain a certain mind-set that would allow them to experiment and tolerate failure as part of the process just as the saying goes, “Without taking risks, original ideas wouldn’t be possible”.

 

Lawyers need to be bold, willing to achieve thoughts in a new manner by taking risks. Such particular characteristics tend to lead to innovation. In an innovative legal world, lawyers need to think and work miscellaneously. While risks may lead to failure, lawyers must implement strategies where they can quantify the risks in a way that is useful in order to serve their clients insightfully.

 

One pro-tip for lawyers beginning to adapt innovation strategy is trying out newer methods. This involves unlocking the ideas, which may seem audacious or adventurous as it is and a little outside of their comfort zone. But they also need to keep in mind that the more lawyers flourish fresh ideas and creativity, the more optimal rewards they will achieve.

 

Leadership- a strong foundation for innovation

For innovation, leadership is key. The innovative enterprise and the innovative industry have creativity in leadership. Large legal enterprises do not act typically democratic or can be categorized as a premise where people aren’t really motivated to try new things.

 

Research shows that fresh lawyers looking to innovate are enthusiastically joining small firms where they can find like-minded colleagues rather than bigger enterprises that lead to dangerous and potentially misleading signposts, thus proving the point that if the management doesn’t trust innovation culture and enhance diversity, new lawyers tend shall disdain the enterprise trust.

 

Innovation isn’t about using future technology; it’s about realizing where we truly stand as we have to add the component of art in which to make a wise choice for the future of technology and bringing in new ways and ideas that would drive innovation into the system.

 

Instead of using the traditional chronology methods to find and approve the ideas, meanwhile that approval process could be spread across the whole organization.

 

What law firms must understand is that through the correct use of current technology today, we are actually preparing and building ourselves for the technology in the near future by facing extreme challenge as we must meet the growing demand, and begin the process of converting to more efficient, secure in ethical methods.

 

Consider it as a stairway, we cannot miss a staircase and jump into the future and get involved in the future technology without truly having knowledge about the current one.

 

Using the Right Tool- why automation is the right answer

What has been achieved so far is irrevocable, but we can still predict where it goes in the future. Another imperative factor would be the use of right tools and systems. If lawyers make use of a proper, dedicated and suitable system, there’s always room to improve and prosper. But what if they’ve been using a wrong system throughout their career? Wrong tools will offer limitations and stop lawyers from moving forward in their career.

 

The importance of a correct and updated Practice Management System for lawyers can do wonders in driving in innovation, automation being the key. Through automation, data will be digitalized that will help law firms progress to the next level technology.

 

Automation, however, shouldn’t be worrying for lawyers in today’s world. They need to think about how to provide better legal services to their clients rather than being pressurized about future technology and its impact on human efforts. Automation will enhance the capabilities of lawyers to execute their expertise better, giving a strong competitive edge in the market, where law firms would compete and strive to provide more and better legal services to cater their clients’ needs.

 

Conclusion

Innovation is a two-way street. Law firms must realize the importance of leadership in creativity, motivating employees to participate in strategies to explore new ways of delivering their services that will lead to innovation. On the other hand, lawyers should dedicate the best of their expertise and creativity to contribute to the innovation strategy of their law firm. There should be constant attempts by lawyers to incorporate innovation to improve the legal function, along with aiming for a larger goal, and being able to see the bigger picture and act as a “problem finder.

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How Technology Will Shape The Legal Industry In The Future Through MENA Region

In this fast-approaching world, technology is a key trend to follow in order to cope up with the rapidly increasing changes and diversity, and to be prepared for what the future has in store. We live in an interconnected and interdependent world that seems to be progressing rapidly alongside technology each day.

 

The legal industry in the Middle East has always been identified as being unique and unfettered with traditional working standards, which is why it is reputed as a sector that seems to be dawdling in the acceptance of technology adaptation. In an era where affordable legal practices and lawyer collaboration with other professionals should be promoted, there is a chance that the professionals of this industry have taken a back seat, in an attempt to overlook the numerous advantages that technology has to offer.

 

Even though the legal industry has commenced to incorporate technology, which in itself is a bold and smart move, it isn’t a surprise that the industry still lags behind as compared to others. Traditionally, lawyers create their own working style and stick to their specific ways to practice law under ethical standards, which is why it is mandatory to seize the opportunity to leverage lawyers’ knowledge in various ways- something that did not exist in the past.

 

A traditional legal system consists of multiple roles including that of lawyers and technologists, process/project managers, financiers, operation managers, data analytics professionals and paraprofessionals- all who work manually. This states that the traditional methods of practice are time-consuming that also require additional efforts.

 

It is particularly important for the legal industry to keep up with the technological developments because of the competition and client demand that seeks more efficiency in order to provide improved legal service. However, the current usage systems are non-friendly, making it rather challenging for lawyers to understand, which might be one of the reasons why they are distracted to acclimate with it completely

 

Where we stand

In the UAE, we believe change is inevitable. As per the vision of H.H.Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, who stresses on the importance of technology implementation by the year 2021, a ray of hope for the industries to step ahead in the game has arisen. He revealed plans to incorporate the National Innovation Strategy in the region, which will allow innovation to reach to a whole new level. Additionally, he vows to implement a culture of innovation that is embedded amongst experts, firms and governments of various sectors such as technology, space and education.

 

Technology, in this region, remains on the basis of automation, computers and electronics, as compared to international level of modern technology adaptation that consists of cyber physical systems, Internet of things as well as networks that connect various departments of the industry.

 

Our legal evaluators studied the law market with a full detailed survey in favor to achieve the simplicity ways to accomplish our target and aim. Ideally, law firms and legal departments continue to use traditional workarounds, involving use of shared computer drive, along with manual processes such as storing documents in a warehouse facility, sending out invoices by hand and tracking time spent on individual matters on a spreadsheet. Regulatory gaps exist in this sector because the region endures to be in the phase to accustom modern technology over traditional ways. These gaps are widening and technology advances are increasing promptly, leaving us far behind in the race.

 

https://www.acritas.com/news/69-all-law-firms-and-legal-services-suppliers-fail-offer-innovation-their-clients-tell-acritas

 

Automation systems: a game changer

We strongly believe that automation systems will be a true game changer in the legal industry around the world. Rapid advances in artificial intelligence and automation processes have taken the world by storm, exposing an array of benefits that it holds.

 

Today, in the latest advent of transformation through modern technology, blockchain is redefining automation and security as an efficiency solution that will pave way to a new era for the legal industry. Smart contracts are seen to be revolutionizing the traditional process, reducing hourly constraints placed on both attorneys and clients- all resulting in faster and improved workflow, quality and efficiency of routine decisions that have been shifting the way lawyers do their job.

A leap forward

As developers of automated systems for the legal industry, we firmly stand by the quote “process automation is the future of law.” We have been a part of the legal industry for over 16 years, including experience with court procedures and legal practice workstyle in the UAE and the Middle East that has helped us realize the dramatic change needed in the systems, which will imply a massive positive impact on the judicial system in the region.

 

Language barriers can also deter firms from embracing new technologies that are more geared towards English speakers, whereas most of the associates and lawyers in the region are native Arabic speakers. This leads to a tender steep of learning curve because law experts primarily draft in Arabic language.

 

Cost is an additional concern when it comes to legal firms considering the idea of technology implementation. Many legal organizations do not see a necessity of introducing large-scale practice management software.

 

Which is why our product CasEngine has been designed keeping the concerns of experts and professionals of the legal industry in mind. Our automation system is bilingual, with adaptable pricing models that help firms of all size to address problems, hence providing greater productivity.

 

We promote legal awareness and emphasize UAE’s role in empowering the legal users in favor to redefine the artificial intelligent. We aim to endorse a principle that helps the legal industry to take a step ahead in the future.

 

In 2016, $224 million was invested in the industry; in 2017, $233 million was invested. As you can see, gradually the total number of transactions decreased, and the average amount of one transaction increased. But in 2018, there happened to be explosive growth and the total amount of investment became greater than ever before- Forbes.com

 

A hassle-free, up-to-date system is what the industry needs in order to reduce the complexity and unpredictability of your work, helping in greater productivity.

 

Our mission

Automatize the interface of legal industry consumption, making an impact on the practice of law and the administration of justice overall. Automation helps in efficiency and reduces some of the less value-add tasks and costs associated with them. As a result, law firms are able to meet the external pressure to deliver more with less, to showcase their skills and value and to stay ahead in a competitive, modern world.

 

In conclusion, the fact still remains that the legal industry is yet to fully embrace technology over the traditional ways, but this won’t stay true for too long as the industry has entered a brave new world of competition where automation stands as a strong embodiment of how technology will change the face of law bodies in the coming future.

 

Infographic:

 

In 2016, $224 million was invested in the industry; in 2017, $233 million was invested. As you can see, gradually the total number of transactions decreased, and the average amount of one transaction increased. But in 2018, there happened to be explosive growth and the total amount of investment became greater than ever before- Forbes.com

 

https://www.acritas.com/news/69-all-law-firms-and-legal-services-suppliers-fail-offer-innovation-their-clients-tell-acritas

 

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Codengines Software Offer Free-Of-Cost Subscription For Remote Working Law Firms Amidst COVID-19 Battle

As a leading LegalTech firm in the MENA region, we recognize our responsibility towards the legal industry in this time of urgency amidst the ongoing global crisis. Keeping the need of remote working in mind, Code Engines Software is pleased to announce a three-month, free-of-cost subscription of our legal workflow automation system Casengine to anyone who would be interested to use it from home.

Casengine is a fully-automated, bilingual, user-friendly system that eases the workload and provides maximum productivity for employees. With its specially designed infrastructure and up-to-date features, Casengine provides a smooth and reliable way of working from home.

We are obliged to abide by the UAE government’s instruction asking employees to work from home, which is why many law firms have already gone virtual until the situation gets better. We can help lawyers work from home, as Casengine enables reliable productivity and communication, even when working conditions are unpredictable or unexpected.

 

Easy Access and Quick Setup

For lawyers, working from home requires a variety of tools to manage schedules and tasks, transfer files, and share screens and data. With Casengine, users can connect from any smartphone, tablet, or computer and work as they usually do in the office with their Macs or Windows PCs.

Our team has specially designed after years of study about the expectations of the Legal Industry in the Middle East. Cloud technology has proven to be a game-changer in the way lawyers carry out their everyday work tasks, which helps them remain as productive at home as they are in the office. Casengine enables professionals of the legal industry to work anywhere and anytime and from any connected device.

With Casengine, legal professionals can collaborate with colleagues, clients and people without being limited to their office desks. Lawyers and professionals need not worry about losing the interaction with clients as LegalTech helps solve all the issues and concerns.

We believe our system will help a law firm thrive in the toughest and most unpredictable quarantine conditions as lawyers continue to work uncompromisingly sitting at home. To get in touch with us, email info@casengine.app and we will be happy to assist you with any queries you may have. We hope everyone stays safe and healthy.

To sign-up for the free subscription offer https://casengine.app/offer/