For legal firms the practice of law is no longer just about the law—it’s also about competing as a business. The legal industry, like many others, is experiencing significant disruption due to transformative technology.
Data is a key area of focus within the legal sector- it is critical to rapid, informed decision making and is essential to understanding an organization’s customers their changing needs, threats, competition, objectives, and satisfaction. However, few firms have identified the specific data and projects that will best support their lawyers, practice groups and firm on a day‐to‐day basis to drive the revenue, cost savings and profit. The output of this new wave of data analytics is specific information which, once analysed is useful for issue-spotting, decision-making, calculating and crafting options, and other ways to save time and money to increase productivity and profitability.Case Study - Global Legal firm Seek Data Strategy Improvements