The Trends That Will Revolutionize The Law Industry

Lawyer Desk

Big changes are coming for the law industry. Whether you’re a personal injury lawyer in Vancouver or run a firm of brain injury lawyers, it’s likely you’re already feeling to squeeze to adapt in order to compete. The modern day world of fast-paced service and technology is forcing one of the oldest industries in the world to adjust their collar and tread cautiously.

Here are some of the biggest trends forcing the law industry to switch things up.

Data Protection & Online Security

Client information has always been a pinnacle discussion among lawyer’s. We want our clients to feel safe. In the past this has been taken care of with a strong lock, but with the invention of the internet our client’s data is no longer safe like it used to be. This has created a paramount issue to avoid data tampering which can affect cases.

This issue has become increasing complex and is something that is never quite solvable, but thankfully with data protection softwares such as the Virtual Private Network we are able to help our client’s feel safer.

The Evolution of Office Management

The amount of technology that exists which law firms can use has more than doubled within the past decade. We now have a variety of office management programs which help with every facet of the business.

You can provide your client’s with access to an online portal to keep up to date on their case. Manage employees and billing through chat softwares and through easy-to-use programs that help you to centralize every case in one succinct location. These office integrations help a firm run more efficiently and seamlessly with the modern world.

The Rise of New Jobs

The technological innovations also mean new jobs are coming and some are being lost. Marketing has been one of the latest additions to the law sector. Firms can battle it out on TV and through SEO Google Searches.

As a result firms are now hiring outside contractors to help with marketing in order to compete. Tech also means fewer legal analysts are needed to help law firms with case data, since technologies can take over the brunt of data processing.

The law market is currently undergoing one of the greatest changes it’s ever been forced to face. The market is needing to adapt and small practices are struggling to keep up compared to larger clients with deeper pockets.

Chris Porteous has significant experience in the financial markets with stints at Goldman Sachs, UBS Securities and DBRS. At DBRS, Chris extensively covered the Mortgage Backed Securities market, Covered Bonds and regulatory changes involved in the real estate markets. Chris currently runs a personal Real Estate Investment Trust with over 15 properties located in South Florida. You can follow him through the buttons below.