Why Law Firms With Technology Roadmaps Out Perform Their Counterparts

There are nearly 440,000 law firms across the country. With so many options out there, how do potential clients choose who to trust with their legal needs? There are several different factors, but one is the ability of the law firm to provide timely, efficient, and consistent services. Providing this type of top-quality service requires having top-quality technology in your corner.

You can be the best in the business, but without the right tools and equipment, you may be working twice as hard as your competitors with a fraction of the results to show for it. Imagine the time it takes to do a simple task at work such as inputting the data from a client’s form. Sure, it may take just a few minutes of your employee’s time, but times that over and over again and that’s the competitive edge that a counterpart may try to use to get ahead. 

However, with the right tools, your firm can be the one to take on more clients, provide efficient services, and build rapport as the best in the business. Having a technology road map in place within your law firm reaps many benefits and can ultimately support your short-term and long-term goals while increasing the longevity of your business.

Benefits of Adopting Technology in Your Firm

In today’s technology-based era, archaic and outdated manual processes do nothing but slow down your firm’s operational function in the face of escalating workloads and business demands. Rather than purchasing ad hoc software to aid in present-day problems, a technology road map can help you adapt in the ever-changing landscape of the legal technology world. Specifically, here are a few ways that a technology road map can help improve the performance of your business:

Scalability

Law firms vary in size, both in terms of cases handled and number of employees. Often, firm owners have the desire and the skill to grow their businesses to perform more work but lack the resources or structure necessary to withstand such growth. With the latest technology, specifically in the form of entity management software, many law firms find that they are able to break out of their existing workload constraints and grow without being hindered by slow and outdated resources. 

With a technology road map, you don’t have to limit your business or be constantly looking for the best piece of technology but can instead plan for the future with scalable technology that will grow with your firm.

Boosted Productivity

As you strategically plan for future growth as a business owner, employees productivity should be a top priority. Yet, employees who don’t have the right tools to efficiently perform their jobs become increasingly frustrated and less effective at their jobs. 

This can leave some employees believing that their companies do not care about their work enough to invest in the needed technology to perform their work efficiently. With cloud-based entity management software, you can get rid of the tedious and time-costing tasks that take away time from the important work that is done at your firm.

Employee Morale

Many people pursue law degrees for a chance to better society and make the world a better place. However, it can be difficult for law firm associates to find meaning in their everyday work when they are performing simple, tedious and monotonous tasks due to outdated manual processes. 

As a result, firms without entity management software to streamline and automate processes risk low employee morale, employee burnout, and increased employee turnover. As new associates shuffle in and out again and again, these law firms then must spend both money and many hours training new employees constantly.

Revenue Growth

In the business world, time is money. Each minute and every second your employees spend doing something that can be done automatically equals money that could be, but is not, going toward your company’s growth. Manual entity management processes can be time-consuming and the amount of work you and your employees can get done in any given day can be greatly limited when you are busy manually inputting data, filing paperwork, and shuffling between many different documents to find a piece of information. Ultimately, this acts as a barrier to business growth and revenue. 

We can’t add time in the day, but what we can help you do is provide you with the technology necessary to get more substantial work done that you need to do by automating those tasks that take up a lot of your time and energy. Not only will entity management software create more opportunity for revenue from a production standpoint, but it can also help you create a strong reputation for potential clientele as a competent and reliable firm that provides timely services. 

Helping You Stay Ahead of the Competition 

You’ve put a lot of work into building your business from the ground up. While you may have previously wanted to stick with the traditional way of managing your entities, now is the time to ensure that your law firm is equipped with the technology necessary to stay ahead of the competition and reduce the time you and your employees spend on tasks that can be done automatically.

At Athennian, we offer time-saving entity management software that can be the difference between staying ahead of the curve or falling behind your biggest counterparts. If you believe entity management software may be right for you or if you have any further questions, request a customized demo with a legal entity management expert today.