In recent years the legal sector has become significantly more competitive due to factors such as rising client expectations, the growth of alternative legal service providers, advances in legal technology, consolidation among law firms, and increased competition for talent.

Law firms are now competing on multiple fronts with many looking to technology to overcome these challenges. In line with this Thomson Reuters 2023 Report on Law Firm Operations & Technology has found that 56% of large law firms are citing technology as a top area for investment. Outside of industry challenges, technology brings its own set of challenges such as cyber security and compliance concerns, system compatibility with cloud platforms, fragmented collaboration tools and legacy infrastructure.

  • 68%

    of firms list cyber security as their top concern

  • 58%

    of firms reported network performance issues due to remote work and increasing data demands

  • 30%

    experienced issues with compatibility between cloud-based collaboration tools and legacy applications

Partner with experts to navigate your technology challenges

With so much at stake for legal firms investing in new technologies, it is crucial to partner with the right technology provider that offers best-in-class solutions and support services. This ensures your firm can overcome industry challenges and maintain a competitive edge.

Natilik has extensive experience supporting Magic Circle and leading global law firms, helping them stay competitive by closely collaborating to understand their unique technology challenges and delivering tailored solutions. Key examples include:

  • Compliant collaboration

    Enhancing efficiency with best-in-class collaboration tools that enable compliant, flexible working, helping retain partners by supporting hybrid work options.

  • Time-saving technologies

    Implementing innovative technologies that reduce administrative tasks, empowering teams to increase billable hours and support the firm’s growth.

  • Enhanced security

    Strengthening cyber security with comprehensive, end-to-end solutions to safeguard clients and protect the firm's reputation.

With Natilik’s expertise, your law firm can benefit from a trusted team that understands your industry’s challenges and can ensure your technology investments make you more efficient and better able to meet client demands.

 

Sources:

2023 Thomson Reuters Report on Law Firm Operations & Technology
2022 ILTA Technology Survey (International Legal Technology Association)
2022 NetDocuments Global Law Firm Survey

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