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