Remote Working: The Future of Law Firms!

 Many organizations have ventured down the Digital Transformation route to refine work operations to improve work potency and safety.  The COVID-19 pandemic has triggered the need for new remote operating policies and protocols, offices to go virtual for a long time, and more.  

 Currently, now is the time for “virtual law firms” 

 

Virtual law firms seem to witness exponential growth within the future, and all the legal work operations must go online. We have a tendency to live in an exceedingly convergent world wherever the digital revolution paves a wave. 

Eventually, this transformation can facilitate elite companies’ transition to virtual law companies.  

 

Recent technological developments in machine learning, AI, and different technological advancements facilitate the terrible foundations of the way legal support services are practiced and delivered. 

 

According to a Forbes report, there was an astounding increase in investment up to 713% in the legal tech sector in 2018. That shows swift consolidation inside the Legal and technical school sector. Now, clients do not visit a lawyer’s office as they simply use a video, phone, or text option for communicating. E-signing is another major positive of remote working since courts have agreed to accept documents that are e-filed, e-served, and e-signed. Remote and virtual hearings are the “new normal”. Handshakes are creating taboos; entire deals are being negotiated and closed virtually.  

 

Alarming law firms' rates lead to in-house legal advisers being self-contained as a result of clients wanting immediate litigation services. To contemplate these points, organizations mitigate themselves against compliance hazards and draft new plans of actions to curb challenges like cloud security. 

 

Technology has had a colossal impact on the manner we have a tendency to live, work, and manage business processes. Law firms follow technology-powered models that can meet business demands and provide clients with extraordinary expertise to tackle the challenges they face. Besides, technology has also accelerated legal delivery’s transformation to promote efficiency. 

 

 

Reasons for the increase of virtual law firms: 

 

1. Thanks to the pandemic, lawyers are compelled to work from home, usually for the first time in their careers. They found this new tradition effective because it helped them avoid long commutes and enhance the work potency. 

 

2. Work from home flexibility makes their work-life balance sorted. 

 

3. Traditional law firms charge heavy fees from their clients. Clients get relief as they get individual attention from lawyers at affordable prices and cause less potential conflict issues. 

 

 

There is no doubt the coronavirus pandemic is gearing up the virtual law office trends. In May 2020, when the United States supreme courts reopened for business, they created a historical moment of hearing oral arguments over the phone. Supreme Court Justices are embracing the tech and moving with the times. 

 

 

Conclusion: 

 

Whether you’re firmly settled in your brick-and-mortar law workplace or are already a savvy virtual professional person, the time has returned. And that too, with several accessible technologies that will modernize the manner of managing your work operations and interacting along with your clients. 

 

 

Top Ways to Improve Your Legal Research Task!

 Legal Research and Writing is one of the most important aspects of legal proceedings. Without this, lawyers cannot start their case, but it is a much time-consuming and labor-intensive process than other legal works. 

Here are the best ways lawyers can follow to handle Legal Research and Writing jobs better.

Understanding the Legal Questions: It is vital first to understand the type of legal research from the present scenario. Here are some useful points you may observe during legal research.

• Read what you are given thoroughly.
• After reading, analyze the given facts and frame answers.
• Evaluate what you know and need to learn new.
• Create a final list of potential terms.

Types of Sources: This is the 2nd important step to improve research. There are three sources for lawyers to make their work smooth and flawless, primary research, secondary research, and tertiary research. Depending upon the case, lawyers choose the best source that is much helpful for them. Usually, secondary sources are more useful and time-saving sources than the other two. It mainly includes the given below points:

• Give basics of every particular area of law.
• Understanding the key terms of an area.
• Identify essential case clues.

Recognize the Limits of Free Research Services: This is one of the best ways when you are under pressure to control costs. In this, lawyers can get massive research sources for free for a long time. There are many features and are useful for small cases, but some valuable features may be missing for long and time-taking cases. Lawyers may be using this type of source only for the cases which are restricted for costs.  

These points mentioned above are useful for lawyers to improve their Legal Research, making it easy for them to quickly win a case. If you are overburdened with various cases, then you can take help from a third-party Legal Service Provider and focus on delivering quality services to your clients within the set time. You can consider Legal Support World - a reputed Legal Process Outsourcing firm, providing legal support service services to lawyers and law firms across the globe since 2008.

Legal Support Services – The Ladder to Success for Lawyers and Law Firms

Most of the lawyers usually remain occupied with the goal of becoming successful, but due to the shortage of time, they often face difficulties in achieving their goals. Lawyers find it hard to cope with the rise in litigation cases, and they usually don’t have enough time to fulfill the requirements of all the clients solely; this is one of the barriers to their success.

If they get free from the core legal activities, then they can make strategies for their success and work on them. Thus, for lawyers and law firms, the real path to business expansion, growth, and profitability lies in outsourcing legal support services. Today, the LPO industry is almost as big in size and turnover as the legal industry.

 If lawyers want to reach their objective of exponential growth in the industry, they might want to opt for outsourcing legal back-office functions as they are the ladder to success. To make their business more successful, they can outsource the below-mentioned tasks to reliable outsourcing partners and make themselves free from the core activities.

Legal Research:

Legal research, though sounds simple, is not an easy job. It is the backbone of each and every case because, without any research, lawyers are not able to start proceedings of their cases. This is a more time-consuming task than others. There are lots of problems lawyers face while doing research such as

i) Legal process interpretation, which means a wrong interpretation can result in research not relevant to the case.

ii) The most crucial stage of legal research is the beginning of a case because all the facts and doctrines of the case are explored carefully.

So, lawyers can outsource their research tasks to a reliable partner and start working on the strategies for the growth of their law firm.

Contract Management:

Most of the law firms have to deal with thousands of contracts, and lawyers have to go through all of them with a complete focus, they don't get time for anything else. Besides, the contract management life cycle contains seven stages, such as contract creation, contract review, contract approval, contract execution, etc. Reliable third-party partners have the expertise to carry out these functions effectively not only in the beginning but during the entire contract management life cycle. To increase your law firm profitability and for success, lawyers can even look for specialized outsourcing agencies that match their primary area of activities in law.

Document Summarization: 

This is another task that lawyers can outsource. This task is also labor-intensive and vital for every case. It includes the preparation of documents, deposition summaries, reviewing the document database with definitive points, and some specific issues.

Concluding all said above, outsourcing might be the best way for lawyers and law firms to provide higher value to their clients on time and become more prosperous within a limited period. Moreover, it is also beneficial to increase profitability.

Technology Trends that Affects the Legal Profession

Technology has become a growing trend in every business industry and legal is not an exception in this regards. There is no doubt that technology will constantly impact the legal profession in the coming years too. 

Here are the technology trends that will help lawyers and legal professionals to maintain better accuracy, efficiency, and overall performance in their day-to-day activities:

Artificial Intelligence: 

There is a lot of pressure on lawyers and law firms to exceed client’s expectation. Lawyers are still stuck in cumbersome, paper-based processes that are inefficient and costly. The challenge lawyers are facing is not only high competition but also to reduce their operating expenses.

With the help of this artificial intelligence, they can manage their whole work without any assistance. A recent study by McKinsey & Co estimates that 23% of lawyer time is automatable.

                                         

These AI tools work well in the unsupervised situation, where the software operates without human interaction. Systems look for patterns, relationships, and connections in unstructured data. For example, you just need to put your raw data into the system and those systems will give exact relevant information back to you with a proper summary.

Virtual Law Firms: 

In the coming years, we will also witness online legal services that have wider scope and greater flexibility how and where legal professionals work. It will change the landscape of the legal industry completely.

From virtual meetings to virtual legal assistance- everything will become seamless with the help of cloud capabilities. And it will offer a greater work and life balance for legal professionals overall.

Performance Measurements: 

More than 50% of top global law firms today are using some form of business intelligence to enhance performance management, and surprisingly this number will hit 75% or higher in the coming years.

Electronic Discovery: 

A few machine learning tools will help in the e-discovery process. With the massive arrival of digital data like emails, texts, voicemails, electronic calendars, etc., it has now open gate for analysis in legal proceedings, and lawyers need help to process all of that information quickly.

In other words, we can say that AI and deep learning will go a long way to make legal processes less cumbersome, and this will be a growing niche in the year 2019.

Cloud and Mobile: 

Imagine you are in court fighting over a stressful legal issue when your lawyer suddenly remembers: he left your files on his desk – back at the office. What do you do that time? These are the issues that mobile and cloud services help to eliminate.

Indeed, the fastest growing sectors in the legal market are legal process outsourcers and managed legal service providers employing both efficient processes and technology to capture work from traditional legal service providers.

Legal Support Outsourcing Services to Simplify Your Legal Process

Most of the law firms are adopting legal process outsourcing companies to get quick and cost-efficient legal support services that works efficiently. There are numerous things to consider while handling your legal tasks. But now, in today’s economic world, it is very hard for lawyers and law firms to survive in this competitive legal market place. They don’t have enough time and resources to manage their core and non-core tasks and improve their productivity.

Legal Support Services

Outsourcing legal support services is a viable option for lawyers, law firms and legal authorities to bring the flexibility to their legal process and improve their cost-effectiveness. It also helps the legal businesses to streamline their time-consuming legal tasks focus on other primary tasks, which are directly related to their business revenue growth process. 

If you are not capable of handling your legal support work, then legal process outsourcing companies like Legal Support World is willing to help you with your requirements and is capable of delivering high- end quality work. To know more about various legal support services that you can hire for your law firm to become more successful in this competitive legal marketplace.

For more information visit:- http://www.legalsupportworld.com/

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Legal Outsourcing Improve Services and Cut Down Costs

A latest report based on analysis of law firms in the US demonstrated that almost 9 out of 10 large legal firms and about 60% of mid-sized firms outsource a good number of back-office processes. Furthermore, approximately 33% pointed out that they considered on getting involved in increased outsourcing possibilities within the subsequent 2 years. 

Legal Outsourcing Services

How to Identify the Right Managed Review Provider in the Market?

Businesses are under constant threat to perform or perish in today’s world. The birth and rise of outsourcing industry proves that innovation is crucial to survival. Law firms have started looking outside to save on ever-increasing litigation costs and manage internal resources in an effective manner. This is the first step in what would prove to be a game-changing idea for the organization in the future. The toughest part of the process is to find the best offshore legal service provider.

The managed review partner should be able to tick all the boxes in the checklist. Like any other business, there would be several players eying-up for the project. You need to make a list of points you would want to see in an ideal review partner. 

Legal Service Provider

The following points would help a law firm identify the right service provider:

• Check the portfolio to know about the existing clients. It would help to establish trust and faith in them.
• Strong financial background to attract talented and career-oriented professionals.
• Utmost attention to physical and intellectual data security.
• Highest quality standards to manage in-depth and defensive review system.
• Investment in advanced e-discovery programs.
• A team of experienced, dedicated and expert professionals to ensure accuracy and timely delivery.
• A can-do attitude towards challenging tasks. They should assist the law firm by doing something extra like creating a knowledge base to be used for other cases in the future.
• Creating a loyal chain by offering value-based services

Offers Accurate, Effective and Cost-Effective Business Model

Managed review solution provider should be able to create a successful bonding with outside counsel. The focus should be on developing a low-cost business model without compromise on the quality aspect. It should also focus on creating a sound system to enhance the overall performance. 

Managed review partner should be committed to delivering quality services at different levels. This is one aspect which would decide what type of partnership they would forge in the long run.

These service providers have raised the bar by setting impeccable and unmatched standards. The reporting system helps to win the confidence by providing accurate and detailed information.

The difficult bit is to identify the right service provider. You need to pay close attention and try to figure out the best one. A top solution provider would have an in-depth understanding of core and non-critical business activities. They would also find innovative views to reduce the costs further.

Consider Employee-centric Policies a Key Contributor

A top managed review provider invests a lot on employee engagement programs. They develop a culture where employees feel motivated and responsible to achieve personal and collective goals. It gives an insight into the corporate philosophy of the company and goes along in establishing a partnership with them. 

A law firm would like to know if they have a specific training program in place or not. It is a healthy sign if the company has Six-Sigma reviewers and managers to assist the team. It would directly result in better quality as expert professionals would supervise the project. These professionals would bring something extra by utilizing resources such as advanced management tools and providing assistance on the case.

Analyze the Security Standards to Protect Data and Intellectual Property

The security standards should be up to the mark to ensure smooth functioning of daily operations. It makes perfect sense to run a thorough test before agreeing on exchanging or sharing information with the managed review team. You should check the visit the property and check the facilities in person to avoid any confusion later on.

These are some of the common points you should pay attention:

1. The facility should offer the right kind of environment to conduct the review.
2. Tailor-made working space to enhance productivity. There should be multiple monitors to carry on the operations effectively.
3. Workstations should be designed keeping global working culture in mind. It should provide secure space to maintain confidentiality and protect data.
4. It should have ISO 27001:2005 Certification and EU Safe Harbor Compliance.

The legal support services provider has several responsibilities to perform. They need to perform different tasks at different times to uphold the brand image. They need to create and implement strategies, protect sensitive data, maintain confidentiality and offer value-added services etc. It is about creating a long-term business association with the managed review partner and achieve periodic goals by working together as a team.