Por qué las empresas se están perdiendo más de $ 3.6 millones en ingresos anuales y cómo solucionarlo

‘Productivity’ is one of the hottest buzzwords in legal technology today and for good reason. While lawyers scramble to keep up with the sheer volume of work that constantly pours in, firms are continuing to struggle with growth—begging the question of why?

The fact is, lawyers only spend an average of 2.5 hours on billable work every day, meaning 5.5 hours of their day is spent on unbillable tasks. This means if you’re a 10-lawyer firm that lack of productivity could amount to more than $3.6 million of lost revenue every year, not to mention a team of burnt out lawyers.

Para aumentar los ingresos y el crecimiento al tiempo que se mejora el equilibrio entre la vida laboral y personal del personal, se debe resolver el desafío de la productividad. Afortunadamente, esto se puede hacer revisando qué tareas están frenando a sus abogados y proporcionándoles las herramientas adecuadas.

What are lawyers spending their time on?

Lawyers spend the bulk of their time on a litany of administrative tasks. According to a survey of over 2,000 lawyers, more than 48% of a lawyer’s time is spent on a mix of continuing education, office administration, billing tasks, configuring technology, and collecting on accounts; with only another 33% of their time spent courting clients for the firm.

Si bien cada uno de nosotros tiene tareas monótonas que desearíamos que no existieran, pocos de nosotros tenemos esas tareas que consumen casi la mitad de nuestra jornada laboral. Y por importantes que sean estas tareas administrativas para el funcionamiento de la parte comercial de la empresa, muchas de ellas pueden estar automatizadas. Cuando las empresas incorporen tecnología basada en el valor que automatiza el trabajo tedioso, los abogados tendrán la libertad de centrarse en el crecimiento de la empresa y dedicar más tiempo a producir resultados positivos para los clientes.

Seleccionar la tecnología adecuada

While not all technology companies can make good on their promises of productivity increases, many can deliver the performance your firm and lawyers are looking for. You will be able to select the right tools by keeping three critical considerations in mind before adopting a new piece of software: anywhere access, software integrations, and legal workflows.

1. Anywhere Access - With the sudden shift to working from home, the requirement for anywhere access has never been felt more acutely. Cloud-based or true-cloud software like NetDocuments provide the necessary anywhere access modern lawyers need while maintaining a robust security posture to protect information.
   
   
2. Software Integrations – To decrease the amount of time lawyers spend configuring various pieces of technology, ensure selected software integrates into a cohesive unit. This is most easily achieved by selecting a “center of gravity”, such as a legal document management system, that supports integrations from a wide variety of legal technology applications in addition to everyday software like Microsoft Office.
   
   
3. Legal Workflows – Legal work requires a unique workflow and specialized attention to detail and organization. This is why it’s critical that whenever a new piece of technology is selected for the firm, a core consideration is whether the software was built to support legal work and will smooth, rather than disrupt, lawyer’s current flows.

A medida que las empresas centren su búsqueda de tecnología en el acceso, las integraciones y el flujo de trabajo, podrán seleccionar las tecnologías que automatizarán las tareas tediosas y aumentarán la productividad general de la empresa.

To learn more about cloud technology and other key considerations, watch our What is the Cloud Anyway? webinar.

No deje dinero sobre la mesa

Siempre escéptico de lo "nuevo", la industria legal y, por defecto, el trabajo legal, ha permanecido en gran parte estancado. Pero en una economía donde la agilidad, la velocidad de entrega y el equilibrio entre el trabajo y la vida personal son los nuevos status quos, este escepticismo está resultando mortal para las empresas tímidas.

Firms that are embracing the digital age are transforming not only how legal work is done but experiencing major growth as a result of their increased productivity and satisfied staff.

To learn how much revenue your firm is missing out on thanks to lost productivity visit our Productivity Calculator. To learn how NetDocuments can help you solve the productivity challenge, sign up for a consultation today.