With many firms now adopting a ‘cloud first’ strategy, and with so many cloud options available, firms must ensure that the IT strategy fits in with the business strategy, therefore future-proofing their firm and driving real bottom-line value.
Given the highly sensitive nature of the data held on individuals and companies by legal firms, solicitors’ practices and barristers’ chambers often find themselves targeted by cybercriminals keen to access their systems, download their data, and sell it to the highest bidder.
Can you imagine if we were still using a horse and cart to till a field, or sailing on a ship for 30 days to get to Australia? Innovation is inarguably good, but these days trying to keep up can feel a bit like being on a treadmill that never stops. However, to run a good race, you don’t have to reinvent the wheel. By rethinking how you use the most basic, essential technology solutions every day, you can achieve real innovation.
When organizations invest in technology, they expect something in return. Common expectations in the legal industry include improving service delivery, making work processes more efficient and boosting staff productivity.
Your capital contribution is a significant investment in your professional future, which should be treated as any other investment; you need to believe in the strategy and ethos you are buying in to and expect a return on your investment.
Depending on the structure of the firm, employment status can be a contentious issue, especially for junior partners who do not always have a guaranteed profit share and may have minimal voting rights.