TECHREPORT Series: Practice Management – Law Technology Today

Every yr, the ABA Legal Technologies Resource Heart (LTRC) publishes TECHREPORT—a collection of easy-to-read through breakouts of the annual ABA Legal Technologies Survey Report, a single of the foremost surveys on how lawyers use engineering. Practitioners, companies, and authorized tech providers alike can use TECHREPORT to get a improved grasp on authorized engineering trends and predictions.

Today’s excerpt is from the “Practice Management” report by Dan Pinnington and Ian Hu. Click right here to down load the comprehensive report.

There are 3 types of doc applications: creation and enhancing, assembly, and management. Practically each individual legislation firm has at least two applications: phrase processing application (98%) and PDF creation application (97%). Stalwarts Microsoft Word (97%) and Adobe (88%) rule the working day, and choices Wordperfect (14%) and Nuance (12%) are holding their possess.

Doc assembly application, which instantly results in the most-utilized authorized files, these types of as precedent wills, contracts, and letters are offered at 42% for solos and increase to 63% for massive legislation companies. Take note that about a quarter to a 3rd of respondents answered “don’t know” to no matter if doc assembly was offered. Given that almost each individual legal professional works by using a phrase processor, the 2017 Survey results may possibly basically replicate that lawyers either do not realize the expression “document assembly,” or do not make use of the simple automation by now offered to them in phrase processors. If the latter is correct, then much more education on what lawyers by now have at their disposal may possibly be welcome. The foremost names were HotDocs (3 %), AIA Deal Documents (10%), ProLaw (9%), and Microsoft Word (8%). One would think Microsoft Word would consider the lead as it is offered at 97% of legislation companies.

Eventually, availability of doc management application has not altered significantly in the last four yrs. The most popular brand name names are iManage (22%), Worldox (12%), Time Matters (12%), and NetDocuments (9%). Smaller sized companies may possibly nicely be making use of a Diy strategy, as files can be saved in file folders on a shared server at considerably less expense. As the selection of documents and files grow, the benefit of doc management application grows. It would make feeling that much larger companies consider higher edge of this.

The availability of doc assembly and management applications appears flat. Modest legislation companies are seemingly content with the Diy or paper strategy, even though much larger companies are much more likely to opt in. Given the transforming character of authorized companies, these lawyers need to have to realize how automated files can assistance them do the job improved, faster, and more affordable. People that fail to undertake this form of engineering will be significantly considerably less competitive and rewarding as we move ahead. And it’s not as if this is new technology—document automation has been all-around given that the dawn of specialized authorized engineering, and it is more affordable and much easier to use than ever.

Click on right here to down load the comprehensive report.

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