For mid-sized and large law firms, recent history has ushered in many unprecedented and unwelcome challenges. Forced to shift ways of thinking and working virtually overnight, law firm leaders quickly realised that their on-premises technology platforms were ill-equipped to handle the modern challenges they faced. For many firms, this period of great uncertainty brought the concept of business agility — and how efficiently and effectively their businesses were able to adapt to rapid economic and operational changes — to the forefront.
Today, through the adoption of cloud technology, a growing number of law firms are embracing business agility principles. But how do cloud-based platforms help drive business agility? Attributes that are intrinsic to the cloud — including speed, flexibility, and innovation — align with key business agility principles that enable firms to be nimble, adjust quickly, and maximise productivity within an ever-changing legal landscape.
Three key ways cloud technology drives business agility
No one can predict what surprises the future holds. But many law firms are taking action to protect their interests — and those of their clients — now by ensuring they have the modern technology in place to adapt quickly and not only survive, but thrive during unexpected challenges. These firms are moving to the cloud and realising the full potential of a cloud-based platform like 3E.
Cloud technology delivers optimal:
1. Scalability
Change can be difficult. For mid-sized and large law firms, the idea of making the move to a new technology platform can seem daunting, but a major benefit of the cloud is that firms don’t need to move all operational functions at once. The process can be carefully and methodically planned and managed via a business-cloud strategy. This allows firms to be strategic and prioritise the functions they deem most impactful while waiting to move other components. It also helps reduce disruptions to everyday firm operations, thereby increasing the ease and enthusiasm of cloud adoption by lawyers and staff.
2. Security
Increasingly, law firms are among those businesses and institutions being targeted in cyberattacks. The good news for firm leaders is that a cloud environment with a multi-layer security approach provides the level of protection they need — and their clients demand — to shield sensitive financial and practice matter data. Additionally, 3E implements advanced AI technology to identify and neutralise security threats in real time, greatly reducing access to sensitive materials.
3. Efficiency
Cloud technology like 3E offers greater visibility across all firm operations, providing law firm leaders and lawyers with a line of sight into financial and practice matter information that was previously difficult to obtain. By connecting critical operational components like time and billing functions, law firms can improve efficiency and increase profitability. Having ready access to analytics and comprehensive reports also provides lawyers with the strategic insights they need to gain a competitive advantage and provide value to clients.
The 3E advantage
For mid-sized and large law firms, the advantages of moving to the cloud are abundantly clear — and with cloud native technology like 3E, your firm can do more in less time with the only solution created by legal experts for the legal industry.
To learn more about the 3E advantage and how to embody cloud business agility principles, register for our upcoming webcast: Moving your firm’s financial and practice management system to the cloud? Key traits for choosing the right provider.
