7 ways in which extranets will boost firm-wide productivity and efficiency


Project management and collaboration forms a large part of a law firm’s operations with lawyers having to constantly share, collaborate and communicate information with internal teams and clients.  Subsequently, project management and collaboration tools are fast becoming an important platform to drive competitiveness and efficiencies. In fact a recent survey shows that 43% of top 100 law firms are looking to use or adopt legal project management technologies in the next 5 years.* 
Whereas in the past client extranets were only for large firms with big budgets, primarily due to cost and site management, this no longer holds true.  Secure, encrypted, easy to use extranets can be set up by users in a few quick steps, offering teams a private and secure network for all their workflow requirements. 
7 ways in which extranets enhance productivity and efficiency
Collaborate

With law firms becoming global and with workers increasingly mobile, the need for collaboration is more important than ever to remain productive. Users require access to information immediately both inside and out of the office.  To accommodate their needs, workers frequently use tools such as emails, consumer file sharing solutions and centrally shared folders as a means to store, share and edit these.  However this means that documents are saved in disparate and insecure locations outside making these hard to find.  Then there is the issue of document versioning and determining which document contains the latest updates.
Extranets provide a central area for team members and clients to store, share, edit and view matter or project related documents and folders – a place where ideas can be exchanged and where documents can be stored, accessed and reviewed in an efficient and streamlined manner. Document updates can be tracked enhancing accountability and productivity.  Ultimately it allows teams to stay focused throughout the entirety of the project or matter.
Share

Large documents and case files need to be shared between teams and clients.  With email accounts having file size limits, lawyers often resort to using consumer based file sharing solutions which are not developed with document security in mind.  Searching for relevant information within emails is also time-consuming.
Extranets allow teams to store and share all the information for any given project or team – including all versions of relevant uploaded documents – is in one, single place.  It also allows the seamless and secure transfer of documents from their Document Management System, be it single documents, a set of documents in a folder or the whole matter which in turn makes the workflow processes smoother. 

Communicate
With documents and information constantly changing, teams and clients need to keep up to date with the latest updates. Emails and telephone conversations can be inefficient as team members are left out of the loop with certain messages which could lead to vital updates being missed.  There is also a certain amount of time lag involved - not good for clients who want access to their information fast. 

Extranets provides users with a strong forum to exchange information, resources, comments, announcements, ideas and group feedback with colleagues, clients, counsel and suppliers from within a centralised area.  It reduces miscommunications as messages are communicated to all members of the team, simultaneously.  At the same time, extranets allow teams to communicate up-to-date management information to clients about their matter, enhancing trust and improving the overall customer experience.
Knowledge

As lawyers work on a case or project, a great deal of knowledge can be amassed.  Often firms lack the means to capture this essential information which could be valuable for current or future use.
 
Extranets ensure that all essential knowledge about a matter or project is captured centrally for teams and clients to tap into and access at all times. This helps leverage a firm’s existing experience and expertise and even help set benchmarks to provide the highest levels of services to clients.

Integrate
Information contained in silos is no longer efficient.  Systems need to be integrated to provide a holistic view of pertinent information relating to a case of project or else firms risk losing information or may not have access to all the relevant information to make the best decisions.

Extranets provide the ability to integrate with various systems within a firm’s existing work environment.  For instance integrating an extranet with a document management system allows for a pain free creation of sites and easy document sending. Integrating with finance systems enables firms to give up-to-date management information to their clients – all of this, from within one single location. 
Security

With the huge volumes of digital data now transmitted or stored electronically across the globe, we have seen a proliferation in cybercrime and industrial espionage. In fact one in four European companies reported at least one case of information theft in 2013, up from 18% in 2012**.  Given that lawyers deal with highly sensitive information on a daily basis and with this rising risks of hacking and cybercrime it is imperative that data is kept secure. 
Extranets help alleviate the use of unauthorised applications to store and share sensitive documents as only those individuals in any given group who need access to any particular document have the relevant permissions. Encryption technology is used to protect data when stored on the server or during transfer and the reporting function also allows firms to track documents for auditing purposes and manage any compliance risks.  Furthermore, extranets can be cloud based or on premise to suit a firm’s security requirements.

Personalise
In the competitive legal environment, having a seamless and professional corporate image is an increasingly important differentiating factor and can give your company an edge over your rivals. 

Certain extranets allow for full branding so that the portal is seen as an integrated part of the firm’s technology through the use of customisable templates and through the use of colours, logos images and ‘widget’ placements.  Not only does this flexibility help build a working environment that teams are comfortable with but it also increases user uptake which is key to the successful implementation of any technology.
 
Although many technologies exist for lawyers and clients to collaborate, communicate and share documents, extranets offer a powerful means to bring all these elements together.  By offering a single, centralised ‘hub’, productivity can be streamlined and enriched through better communications and efficient document and knowledge sharing.  Additionally, through the integration of other systems and processes, it ensures that users gain a holistic view of all the information related a project or matter.  Not only does this help improve client relationship overall, but it also helps cut overheads, improve workflow efficiencies while maintaining high level security over sensitive documents.

*LSN Research Legal IT Landscapes 2015 - http://www.legalsupportnetwork.co.uk/sites/default/files/Legal_IT_Landscapes_2015.pdf
** White & Black corporate technology lawyers - http://www.wablegal.com/e-bulletins/trade-secrets-european-commission-adopts-proposal-harmonising-eu-law