THE LEGAL DIGITAL TRANSFORMATION IS HERE | Bigle Legal

THE LEGAL DIGITAL TRANSFORMATION IS HERE

I think you’ll agree with me when I say legal digital transformation is a trending subject for the industry. Here’s the thing: there are not enough hours in the day. This phrase is more true now than ever before.

We live in an increasingly demanding society where the expectations placed upon us on a daily basis are, generally, far more than we can accomplish in one day, let alone one work day, causing work to have to be done long after work is supposed to be over. Luckily, technology has been on an incline allowing for far better efficiency and is helping to relieve some of the outrageous expectations people face day-to-day in their jobs.

This is why Bigle Legal was created.

We use technology to digitally transform your practice by automating every step of the document process, from creation to signing, allowing you to focus your valuable time and energy on your clients.

Stay with me until the end and I will show you how Bigle Legal will help your business digitally transform.

 

How Technology is Contributing to the transformation

 

The digital revolution we are currently living in has made it possible for computers to perform many of the mundane tasks previously performed by people. There are many reasons people have chosen to trust technological advances and computers rather than continue to leave tasks to employees.

  1. Computers save time

The first reason computers are increasingly used to complete tasks at work is because they are capable of doing them at a much faster rate. What might take a person minutes, or possibly hours, to do, a computer can do in seconds. Computers save time by performing specific tasks digitally rather than having a person do it manually. The saved time is then used for other jobs a computer program is incapable of performing. Time is a valuable resource, arguably the most valuable. Saving time allows you to improve client relations. With extra time a more personalized experience can be offered to the customer because you are able to dedicate more energy to them and whatever their problem may be. The computer works on the document process while you are able to do the more specialized tasks involved with the legal industry.

  1.   Computers save money

Computers save time and time is money; therefore, it can be said that computers save money as well. The second reason to choose a computer over a person is because they can reduce the costs associated with operating a business. Not only by saving time and in return for the time saved, money, but by replacing workers with machinery, money is saved. This eliminates the need to compensate a person for performing the work now done by a computer.

  1.   Computers mitigate human error

The third reason computers are being used is because they help to mitigate mistakes, helping to take human error out of the equation; computers perform with far greater accuracy than a person can. This is for a few reasons. Primarily, this is because the distractions people face daily are endless and distractions are the easiest pathway leading to mistakes. Computers, on the other hand, are a machine incapable of being distracted. Another reason computers are more accurate is because humans are imperfect beings and mistake-making is a part of their nature. Meanwhile, a trusted computer science specialist can program a computer to perform at an increased level of accuracy taking some of your worry away.

  1.   Computers perform the work no one else wants to do

Lastly, computers and machines are chosen because, many times, the computer is being used to perform the tasks that people would rather not do.  The tasks computers are trusted with are oftentimes highly repetitive and boring making them undesirable to most people. Choosing to trust and incorporate computers in your business to replace people in some of these types of tasks is a crucial step towards adapting to the changes brought about by the digital revolution.

 

Advantages of Technology for Businesses

 

Technology is continuously changing, which makes it difficult for businesses to keep up; however, it is worth a try. Adapting technology into a business model offers many advantages, as explained in this article. These include:

  1. Overall business efficiency

When used correctly, technology helps a business to function more efficiently through the use of digitized files, instant communication tools, etc.

  1. Automation of operations

Wherever a business can automate a task, it saves labor and time resources that can be directed elsewhere within the firm.

  1. Business security

Digital security protects businesses against hackers, protects its, and its clients’, information, and can even protect from vandalism and theft.

  1. Employee monitoring

Large teams are better managed using technological advances.

 

Why Digital Transformation?

 

The digital transformation most businesses and firms have underwent, throughout all industries, has not necessarily been a choice. Those either incapable or unwilling to digitally adapt to the changing environment of the business world have been crushed by the ones who have digitally transformed. However, there are numerous reasons encouraging businesses to aim for a digital transformation.

  1. The future generation

The upcoming generation of consumers is going to be what most people refer to as the Millennials. This generation was born into the digital age everyone else is still trying to understand and adapt to. The Millennials are already digitized and mobile while the rest of the world  is trying to catch up. They are accustomed to everything being digital or mobile. Not only are they accustomed to this, they expect everything to at least have a digital or mobile option if it is not yet entirely digital. They manage, network, and organize digitally in their daily lives. Businesses have to look to the future and realize they must transform to meet the needs and wants of this upcoming generation.

  1. The competition is modernizing its business with a digital transformation

Digitally transformed businesses are capable of far greater production than those businesses still utilizing manual labor. We live in a highly competitive business environment, therefore, those that are outproduced are either bought out or forced to close down altogether by the better producing competitors. For this reason digital transformation has been seen across almost all industries.

  1. Advantages of Technology

All of the advantages of technology previously discussed in this post should be enough to convince businesses to digitally transform their company. What business would not love to save time, money, and operate with better efficiency on a day-to-day basis?

 

The Time for Legal Digital Transformation is NOW

 

The legal sector has been slow to modernize and accept the changes brought about by the digital revolution. However, the legal world is slowly beginning its movement toward digitization. A study conducted a few years ago on a sample group of law firms found that 80% of firms have acknowledged the need to revolutionize their practices but only 23% of those have made any advances to do so.

The hesitation to adapt to the digital age demonstrated by the legal world is not without some understanding. The legal industry is a profession that dates back to ancient civilization. Philosophical books of law from the ancient Romans and Greeks are still read today. All of that goes to say, the legal profession is a very old traditional practice that has been functioning for thousands of years. Law students are taught traditional methods of practicing because they have been working for many years now. However, what if change could improve the practice of law? Legaltech was not created to eliminate lawyers, it was created to improve the process. Lawyers are too educated and too qualified to spend their day at a desk copying a pasting from template to template to draft a document when another option is available. It is time for the legal industry to embrace the potential for legal technology to modernize and enhance the legal system.

The legal sector does not have a reputation of looking towards the future but now is the time to start, and many have. PwC found that approximately 70% of the top 100 firms in the world have made strides towards the digital transformation of their practice compared to the 23% of a few years ago. The digital revolution is gaining momentum every year and legal firms do not want to be left in the dust. Luckily for law firms, legaltech has surfaced and should not be ignored. Interesting right: wait a bit and I will show you how legaltech can help your business thrive.

 

What is Legaltech: Uses and Benefits

 

Legaltech is the term used to refer to legal technology.

You may be wondering: is legaltech a replacement for lawyers? The answer to this question is no; legaltech is a solution for lawyers. Its purpose is not to replace lawyers the way machinery has replaced workers in manufacturing industries. Instead, it is designed to aid lawyers and businesses with some of their everyday tasks. Automated systems take away the boring, mundane, repetitive, everyday tasks that lawyers should not waste their time performing. Lawyers should be focusing on their clients wants, needs, and problems to find the best argument or solution for their client. Legaltech allows them to do just that. Law firms need to update the way they organize, communicate, manage, etc. to appeal to the upcoming generation of millennials and ensure client satisfaction remains in good standing. They need a new channel of distribution and communication through digital technology; this is what legaltech is designed for.

What are the benefits of legal technology? Law firms benefit from technology in the same way that businesses who have already digitally transformed benefit. Here’s the bottom line: by incorporating legaltech into their everyday lives, firms will save time and money, mitigate human error, and eliminate the tasks no one wants to do. More specifically junior lawyers would greatly benefit from the incorporation of legaltech. The tasks that the software would complete are the tasks that are generally assigned to young attorneys. With legal technology, junior lawyers would be able to focus on learning how to practice their chosen profession rather than simply doing the busywork the senior lawyers do not want to do.

Law Technology Today, explores the seven benefits of using legal technology that they have identified. They found that, through the use of artificial intelligence, legaltech:

 

  • Saves time

 

Computer systems can analyze and sort through information much faster and more thoroughly than any person could.

 

  • Allows earlier, and more accurate, risk assessment

 

Technology-assisted review tools can be used to review real information in real time allowing lawyers to identify potential risks much earlier and therefore advise their clients better.

 

  • Produces higher quality work

 

Work produced by something that is incapable of being distracted, tired, or lazy is capable of producing error-free work.

 

  • Improves organizational and logical structure

 

Automatic document comparison and organization allows attorneys to more quickly identify mistakes in their documents or legal analyses.

 

  • Enhances creative analysis and identification of persuasive precedents

 

Automated review, research, and document quality control gives attorneys more free time and greater mental energy for higher-level work enhancing creativity and allowing attorneys to add unique value and focus their energy on the more important work a computer program cannot do.

 

  • Reduces attorney stress and frustration

 

The tasks that legal technology is designed to perform can be tedious and legaltech takes them out of the hands of attorneys.

 

  • Improves client relations

 

With the time saved by legaltech, attorneys are able to better engage with their clients in their legal representation, which is what really matters. If the human-to-human connection can be better between client and attorney, the representation will, likely, be better as well.

 

The benefits offered by legaltech make it impossible for law firms to continue to avoid the legal age. Looking to the future, law firms will either digitally transform or be left behind.

 

Choose Digital Transformation – Choose Bigle Legal

 

Do not let your firm be the one that gets left in the dust while the rest of the world around you modernizes and joins the digital era. Choose to take advantage of technology and all it can do for you and your firm. Automate your legal system and let Bigle Legal help.

 

Bigle Legal is designed to fully automate the document creation process, from beginning to end.

 

Use the tool to automate one of your documents or send it us and our team of expert lawyers will handle the legal automation. Once the document is automated in the platform all you have to do is fill out a short questionnaire and your document will be fully completed according to the information introduced and the specific needs for that document. You won’t even need to review the layout since the formatting will be perfect automatically.

 

The questionnaire can even be sent out via email for clients to complete and you can be notified when they have done so.

 

In addition, the software also offers a digital signing tool allowing you to send the document to your client digitally to obtain a secure esignature. Each document and template is stored on a cloud based platform that is designed specifically for your firm and can be reached anywhere, anytime, and from any device. Grant Bigle Legal the privilege to introduce your company to the benefits offered by legal digital transformation.

For more information send an email to [email protected] and we will be pleased to help.