Welcome to the Institute’s 2017 guide to listed legal software suppliers
Deciding on what new or replacement software is appropriate for our firms has never been easy: we have to take so many factors into account. Cost is always a critical consideration and now we have to concentrate as well on compliance, effectiveness and response times. Not only that, but security has also become a major concern, as cybercrime and fraud become more prevalent.
Our new and updated 2017 guide will help you through all this. You will find company overviews, products and target markets for all the software suppliers listed in the guide. We list them by size and area of law and include some of the key functionalities and areas of compliance of their products.
To help our members with the rapid changes in IT, we feature this year a leading figure in the legal IT market. Duncan Finlyson is technical director of Infolegal Ltd and offers his thoughts on one of the biggest concerns for all businesses – obsolescence.
Technology has of course helped to make many businesses more efficient and profitable. At the same time, the huge volumes of data and information we now generate and process have led to concerns about the privacy of our data and how we prevent fraud. Although cloud computing and online subscription models now offer businesses flexible working solutions for their software needs, firms need to consider carefully who owns their data and what access controls and contingency planning they have in place.
The nature of legal services puts a greater emphasis today than previously on confidentiality, security and regulatory obligations. These considerations are crucial when firms invest in new or replacement software systems, so that they can manage client matters properly and comply fully with regulations.
Technology has transformed our lifestyles and how we interact socially: it is now driving our business activities, so that we can respond to ever changing customer demands and behaviour. It is no exaggeration to say that technology has re-engineered how legal services are provided and delivered.
Tim Kidd
Chief Executive
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