Legal IT landscapes 2020

reports|

How is legal business being shaped by technology?

GET YOUR COPY NOW

DOWNLOAD

INSIDE

WHO'S WHO THIS MONTH

Briefing Mar19 Stephen James SAG
Stephen James
CEO,
sa.global

Sponsor comment

Briefing Mar19 Stephen James SAG
Ian Lauwerys
IT and facilities director,
TLT

Law firm comment

Dan Carmel, Chief marketing officer, iManage
Elisabet Hardy
Vice president, financial and practice product management,
Thomson Reuters

Sponsor comment

Peter Gill, Chief commercial officer, Converge Technology Specialists
Andy Bevan
Cloud sales specialist – legal sector,
Pulsant

Sponsor comment

Peter Gill, Chief commercial officer, Converge Technology Specialists
Christel Aguila
Partner and head of IT,
Winckworth Sherwood

Law firm comment

Kris Clark, Head of AI, Landmark Information Group
Rod Wittenberg
Vice president of sales – North America,
Iridium Technology

Sponsor comment

Damien Behan, IT director, Brodies
Damien Behan
IT director,
Brodies

Law firm comment

Samantha Steer, Director, large law strategy, Thomson Reuters
Mohamed Bakeer
Chief technology officer,
CTS

Sponsor comment

Samantha Steer, Director, large law strategy, Thomson Reuters
Stuart Whittle
Business services and innovation director,
Weightmans

Law firm comment

John Schneider, Vice president, product marketing, Intapp
Norm Mullock
Vice president, strategy,
Wilson Allen

Sponsor comment

John Schneider, Vice president, product marketing, Intapp
David Halliwell
Director of client solutions,
Pinsent Masons

Law firm comment

John Schneider, Vice president, product marketing, Intapp
Harini Sridharan
Principal product marketing manager,
Intapp

Sponsor comment

previous arrow
next arrow
Slider

ISSUES IN BRIEF

Welcome to the future of our Legal IT landscapes research, dear Briefing readers. From now on, LITL will form part of our growing Frontiers research and horizons-scanning work at Briefing, which covers reports and our Frontiers events. In the past, LITL has only quizzed IT leaders and a few other roles in-the-know about IT. But in this year’s research we’ve extensively expanded our remit to question leaders in finance, IT, operations, KM, innovation and marketing/BD, to gain a more rounded understanding of the intersection of law firm business strategy and technology.

We will be building on this remit further in the future. For now, if you could wave a magic wand, what would you do to improve your firm’s profitability? What sort of work is your innovation team focused on, does that make a difference to how it’s all set up and structured, and are you selling the results to clients? And what’s really happening (or not) around productisation in today’s big firms? Alongside longstanding polling on the trends in competition for clients, flexible/ agile working, cybersecurity priorities and the destinations for automation, read on for our most detailed picture yet of legal business priorities when it comes to turning technology into strategic advantage.

If you like the sound of this, don’t miss our annual Briefing Frontiers 2020: Legal IT landscapes event, 27 February 2020 in London. Click here to find out more.

This year, Briefing asks firms the following questions:

-What are your biggest threats in 2020?
-Are innovation initiatives delivering the goods?
-Do you have the money you need to compete?
-Where can automation investment make most difference?
-What are your biggest cyber pressure points?
-How are your working patterns and places changing?

 

TASK MASTERS

We can see a shift from last year’s results in terms of how money is being spent within innovation tasks (see above). In 2018, we found a perfectly equal balance between ‘client-facing products and services’ and ‘creating better service delivery through automation and process improvement’, both at 37% – this year the former number rose to just over half (52%), while the latter dropped slightly to a third (34%). So, it’s looking like firms are increasingly shifting the focus of their innovation efforts towards client-facing ends. Likely reflecting the rise in innovation spend overall, we also found that the number of ‘we don’t have any dedicated innovation investment’ respondents shrank from a fifth (20%) in 2018 to nearly half that figure (11%).

COMPETITIVE NATURE

When we asked business services leaders which competitors were most threatening to their firms’ futures, the ‘standard competition’ (similar law firms) came out on top with 29% – not significantly higher than the 26% figure from last year. The ‘standard competition’ is those firms that have a similar business model – relatively familiar ground. Stuart Whittle, business services and innovation director at Weightmans, defines it as “firms who operate in our version of the legal market, where we have expertise and they have similar expertise, looking to work for similar clients.”

CYBER RACE

Clients are increasingly auditing law firms to reassure themselves that their data is secure, as vulnerabilities exist throughout the chain of processes that clients and firms interact through. But is the perception of the threats out there changing? This research certainly suggests clients are more concerned. An eye-wateringly high 87% of respondents said that they had seen an increase in the number of clients performing security audits on them. That’s a jump from the already high figure of 72% last year. Curiously, if we split the results between the ‘outcomes-focused’ firms and ‘lawyer-focused’ firms, we see the figure drop to 75% in the former and jump to 92% in the latter (p30).

supplement

Auto advances

Which business areas are law firms automating and why?

Kayli O

Briefing LITL 2019 cover
report

Legal IT landscapes 2019

Where is legal technology strategy changing as we enter 2019?

Jess Carey