Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
Investing in legal technology is costly, both in terms of finance and time, so how can small and mid-sized law firms hope to compete with their larger competitors in this area? Jenny Rayner talks to a range of experts about their experiences.
Ben Wightwick, product director of HighQ Publisher and former winner of the KnowList Awards Legal IT Rising Star
Stephen Roper, professor of enterprise at Warwick Business School
Trevor Worth, CEO and founder of the award-winning small law firm, Portcullis Legals
‘Innovation teams’ are becoming increasingly common within UK law firms. Tasked with keeping abreast of technological developments and spotting new innovations on the market, they also often command their own research and development budget. For many small and mid-sized law firms, however, having a team—or even an individual—dedicated to following technology trends is far from realistic. Nevertheless, the benefits that even the simplest legal technology brings can give smaller firms a significant advantage in the market place and put them on an even footing with their larger competitors.
Ben Wightwick, suggests that whatever your starting point law firms of all sizes have one thing in common—the need for success: ‘Technology these days, regardless of the size of your firm, can be an enabler to success. Modern platforms can level the playing field considerably. From benefits like improving your security standing, to being at the cutting edge of technology, through to providing a platform to which creates a competitive advantage. Technology is largely a commodity—it’s up to the firm to leverage it to create the value.’
The Solicitors Regulation Authority (SRA) and Legal Services Board recently published a report on ‘Innovation in legal services.’ Stephen Roper, one of the report’s co-authors, identifies the benefits that small and medium firms are already witnessing, ‘new technology has driven higher profitability and often new ways of working’. ‘More IT-based document storage and case management systems have enabled faster, value-for-money services to clients, and released time for personal consultations.’
Ben Wightwick agrees. ‘it’s now a common thing for smaller firms to compete with the larger more well-known brands leveraging technology to deliver an improved service in a very competitive market’. He adds that ‘firms of any size can build products and services with off the shelf products which can provide better value added services or even new revenue streams for the firm’. And it’s not just t
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234