For medium-sized and large law firms, the new history has ushered in many unprecedented and unwelcome challenges. Forced to change the way they think and work literally overnight, law firm leaders quickly realized that their on-premise technology platforms were ill-equipped to deal with the modern challenges they faced. For many businesses, this period of great uncertainty has brought to the fore the concept of business agility—and how efficiently and effectively their business has been able to adapt to rapid economic and operational change.
Today, through the adoption of cloud technology, an increasing number of law firms are embracing the principles of business agility. But how do cloud-based platforms help drive business agility? The attributes inherent in the cloud – including speed, agility and innovation – align with key business agility principles that enable businesses to be nimble, adapt quickly and maximize productivity within an ever-changing legal landscape. landscape.
Three key ways cloud technologies drive business agility
No one can predict what surprises the future holds. But strategic law firms are taking action to protect their interests – and those of their clients – now by ensuring they have the modern technology to adapt quickly and not only survive but thrive during unexpected downturns . These businesses are moving to the cloud and realizing the full potential of a cloud platform like 3E.
1. Scalability
Change can be difficult. And for mid-sized and large law firms, the idea of moving to a new technology platform can seem daunting. But the main benefit of the cloud is that businesses don’t have to move all operational functions at once. The process can be carefully and methodically planned and managed through a business cloud strategy. This allows businesses to be strategic and prioritize the features they believe are most impactful while waiting to move other components. It also helps reduce disruption to the firm’s day-to-day operations, thereby increasing the ease and enthusiasm of cloud adoption by lawyers and staff.
2. Security
Increasingly, law firms are among those businesses and institutions that are the target of cyberattacks. The good news for business leaders is that a cloud environment with a layered security approach provides the level of protection they need – and their customers demand – to protect sensitive financial and operational data. In addition, 3E applies advanced AI technology to identify and neutralize security threats in real-time, significantly reducing access to sensitive materials.
3. Efficiency
Cloud technology like 3E offers greater visibility into all of a firm’s operations, giving law firm managers and attorneys direct visibility into financial and operational information that was previously difficult to obtain. By connecting critical operational components such as time and billing functions, law firms can improve efficiency and increase profitability. Having easy access to analytics and comprehensive reports also provides attorneys with the strategic insights they need to gain a competitive advantage and deliver value to clients.
The advantage of 3E
For mid-sized and large law firms, the benefits of moving to the cloud are crystal clear—and with native cloud technology like 3E, your firm can do more in less time with a single solution built by legal experts for the legal industry.
To learn more about the 3E advantage and how to embody the principles of cloud-based business agility, register for our upcoming webcast, Moving Your Firm’s Financial and Practice Management System to the Cloud? Key features for choosing the right supplier.