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Law firms in India are now increasingly relying on software to manage their clients and streamline their processes. One of the most commonly used tools to do this is Lawyer Practice Management Software or Law Practice Management Software (LPMS).  An LPMS can perform an array of functions that can ‘simplify legal’ for both clients as well as service providers. However, in a digital world where everyone claims to be the best, finding the right law…
Lawyers, by and large, have been reluctant to adopt technology and have often criticised the adoption of new mechanisms. Many have even been apprehensive about whether the use of technology in future would end their dominion. Although the law itself has remained progressive towards the use of technology, its progress was slowed down by the ambivalent attitude of the lawyers towards it. Interestingly, all lawyers were using the technology for their personal use but were…
Law firms of all shapes and sizes are feeling the pressure to act as seismic shifts in the legal profession make apparent the need for innovation. Whether it is getting trained in a new technology or fundamentally changing a firm’s business model, the experience of change, in what has been – and to a great extent remains – a change-resistant profession, has presented innumerable challenges. That said, the emergence of Chief Innovation Officers (CINOs) in…
In a law firm or legal department environment, where accuracy is crucial, managing information is vital to daily operations. The role of a Records Manager, who ensures that policies are set in place and procedures are managed and met, is important to maintaining an organisation’s adeptness whilst ensuring compliance with relevant legislation and regulations. There is a large competitive pressure on organisations to jump on the legaltech hype. However, without the fundamentals of information management…
Lawyers’ lives seem to be busier than ever, either because our workloads actually are getting heavier or because our days are filled with constant distractions that lead to ‘busy work’ rather than productive work. Whatever the case may be, hiring a virtual assistant for your law firm can help you escape the low-value time-consuming tasks that block up your day and better focus on the high-value skilled work that you’re actually getting paid for.  Are…
The profession of law is one of those few areas where technology has not been able to put in a considerable impact. So far, the profession has been able to resist the changes that technology brings by restricting the access to knowledge to select few. However, that is changing and at a pace faster than ever before. To start with, a lot of first-year associates and paralegal work can be done through apps. Some of…
Life in the 21st century is being excessively driven by data. Over the years, there has been an increasing and extensive use of Artificial Intelligence (AI) to perform tasks which have always been performed by man. AI is being applied all around us. Be it the classical music composer Musenet (a deep neural network that can generate musical compositions with many instruments and in different styles), or in the field of astronomy in mind-boggling ways.…
The notion of Artificial Intelligence (‘AI’) is not new — especially in the world of science fiction where depictions of robots wreaking havoc, usurping the world, and wiping out the human race are common. But getting past the dramatism, in today’s fourth industrial age, AI is becoming less fiction than actual science. AI is now a part of nearly every aspect of our lives: medicine, education, finance, defense, art, entertainment, consumer goods, infrastructure, and…
Any entrepreneur knows that capital is – more often than not – a crucial ingredient for successful innovation. Great ideas alone cannot bring about long-term growth, so the efficient use of capital (whether raised or generated) is critical. Among the major – and indispensable – startup costs for legal tech companies are personnel, equipment, work space (home or an office), and permits, licences, and other ongoing compliance costs. The absence of any of these expenses…
Chatbots have become commonplace on websites nowadays. Whether you are browsing for subscription accounting services or trying to buy new shoes, chatbots pop up in many a website corner offering a number of ways to help us.  As it stands, however, lawyers seem to be slow on the uptake of these tools on their own websites. Being relatively low cost, easy to implement, and able to serve lawyers in a number of ways, this really…