Law firms must look at how they deliver and manage their information in order to remain competitive and resilient in the face of an ever changing technological landscape. Of course, cloud solutions can operate in isolation, with firms using one platform or another. However, we know from recent reports, such as McKinsey 2021, that cloud can become an important source of strategic advantage for firms, no more so than when firms embrace the full integrated capability of the cloud.
So how can law firms benefit from integrated cloud solutions such as the partnership between market leader in document and email management, iManage and leading e-bundling solution Bundledocs?
Some of benefits of embracing digital transformation and truly integrated cloud solutions include:
1. Increased Flexibility & Reliability
In 2020, operational efficiency was the top challenge facing law firms. Utilising multiple cloud integrations can reduce the time you spend on everyday processes such as case documents, bundles and communicating with clients, positively impacting on scarce resources such as your teams’ time. For example, in a study conducted by Aderant, 82% of respondents said that cloud solutions had a positive impact on their document management.
Integrations allow for firms to be operated from any device, in any location. For some, this flexibility will allow for talent from other geographical locations to be hired. Cloud solutions can be adapted with a firm as it grows into the future. A study conducted by the Harvard Business Review found that business agility was the primary reason for respondents when choosing to adopt the cloud.
2. Enhanced Competitiveness
77% of organisations believe that the cloud has given them an advantage over their competitors. By choosing to use more and more cloud based solutions firms can streamline their processes even further, saving them time and money. Reducing timely and repetitive tasks in turn enables firms to give more of their precious time to their clients, ultimately enhancing their service over the competition.
3. Superior Security
The American Bar Association found that 76% of large law firms report that their clients want firms to implement more stringent security requirements. It is important that firms adopt a solution that will not compromise sensitive data but enhance their security and ability to adapt to security threats in the long run. Did you know that cloud solutions actually provide more security than on premise software? Verizon’s, Data Breach Investigations Report 2020 found that cloud assets accounted for 24% of breaches, compared to 70% of on-premise assets in 2020 alone?
At Bundledocs for example, our own cloud based solution was the first e-bundling tool to be ISO 27001 certified, safeguarding your data. Adopting a fully integrated cloud solution will no doubt simplify workflows without compromising on security.
Creating bundles is simple with Bundledocs seamless integration with iManage.
Take documents from iManage FileSite, DeskSite, iManage Work 10, iManage Cloud - or wherever you have documents stored. Bundledocs will convert all files to PDF and instantly create an organised, numbered, sectioned, tabbed and indexed document bundle. Immediately ready to securely share, access it online, collaborate or to print. It's easy to use, secure and highly reliable.
Find out more about our integration with iManage. You’ve complete control & can cancel anytime.
Relevant Links:
Cloud-First Services Are Key to Creating an Agile Offering for your Clients - ALTA
How Can Law Firms Embrace More Sustainable Practices In Line With Global Ambition?
How the move to remote working gave businesses a push to the cloud
Three Benefits Of Using Bundledocs