Human intelligence and Legaltech: 2 essential elements for successful digital transformation
Through our various meetings and experiences, we have noted the essential need for the legal profession to evolve its management methods, recruitment, and technological tools in order to adapt to increased competition, client requirements and permanent legislative evolution.
As structures multiply, firms now need to be profitable quickly. It is therefore necessary to identify the levers to achieve this profitability.
The latest studies highlight two essential points.
human intelligence is the number 1 development tool of a firm, followed very closely by artificial intelligence, its systems and its computer software.
These two points are the two keystones to building, in the long term, an attractive and productive firm.
The central place of human intelligence at the heart of business
This is not a new thing in itself. However, it deserves to be treated with attention because societal developments and human values have been constantly evolving for several decades. We must therefore adapt.
Recruitment is becoming a major issue. Now the room for error is limited, you must be able to quickly identify the best elements. It is a race for talent which is played. To do this, you must turn to recruitment firms, headhunters and take the time to identify needs and best target the profiles but also the personalities who will be able to best adapt to their new professional environment. The personality is now just as important as profile and professional experience.
Furthermore, to satisfy humans, we need a adapted management. The “old vertical management” which predominated in many firms is now obsolete. It is strongly recommended to promote a horizontal management, participatory and collaborative. Managers will thus be able to more easily identify high potentials and thus support and promote them. Recent figures show that participative management allows a gain in team productivity of around 30%.
The rise of artificial intelligence
The other essential point of development mentioned above is artificial intelligence via computer systems and software. Indeed, in order to maintain a high level of competitiveness and productivity, the lawyer must be efficient.
To do this, he must be supported in his work by efficient computer software which saves him considerable time in processing his tasks. Software, particularly management software, must be customizable, adapted to all media and thus offer unlimited mobility to the lawyer. The latter must in fact be able to process their files at any time, regardless of location. Furthermore, the question of security, in particular personal data of clients and confidential elements of processed files are a major issue.
This technology is essential to support the firm's business development, to increase its profitability and attractiveness. Firms must equip themselves with the best solutions. in this sense, thea legaltech is now a major issue for the growth of the firm.
LegalTech at the service of lawyers and legal professionals
For it to be sustainable, the service offering must not only rely on the most recent technologies but the Legaltech in question must also be agile, in its organization and its mode of operation, to quickly adapt to a constantly evolving context where innovation governs more than ever. This is particularly what explains why traditional publishers are finding it increasingly difficult to keep up : their management method, their cost structures, the stacking of different technologies over the years are all factors that sclerosis them. They are falling behind in the face of an environment that continues to accelerate.
Disdainful for too long in the face of evolving issues and innovation, these publishers find themselves confronted with the same situation experienced in their time by other major players who were thought to be immovable. Kodak, Motorola, BlackBerry, Nokia... are all examples which show that real innovation, that which is at the service of end users and which provides a real value proposition, comes from Legaltech who have been working continuously since 2012 to develop and implement tomorrow's solutions.
Legaltech companies have grouped together within France Digitale to better serve their clients. Like Doctrine, LegalPlace, EasyQuorum, Jarvis Legal, Caselaw Analytics, Seraphin Legal ou Lexbase, we work together and create bridges for simplify the daily life of lawyers even further and ensure that they can concentrate on their core business.
Human intelligence and artificial intelligence are therefore at the heart of the development of your firm. These are two elements which offer certain sustainability in the eyes of the profession. Your customers are sensitive to the stability of your teams and like to deal with the same competent and attentive contact.
Finally, Legaltech's strengths, in addition to being key levers of growth, also reassure your customers because they highlight your ability to adapt, your modernity and your ability to secure data.
