Hypothesis:
Small and solo law
firms in the US lack a comprehensive software support solution that supports
the entire practice, marketing to case management simply because it does not
exist.
The Who:
I interviewed 5
attorneys, solos and those in small firms (2 and 3 attorneys), and virtually
polled 47 others. None of the attorneys
are delighted by their current practice management software solution and
approximately half do not have any client or case management software. There are 5 major software solutions for law
firms, 3 of which were used by the 5 attorneys I interviewed. Each attorney I spoke with was able to come
up with a list of 4-7 items that were missing from their current solution. It appears that the more administrative, clerical
and paralegal support attorneys had, the less interested they were in switching
software, even to one that would fit their needs perfectly. In some instances attorneys were unfamiliar
with practical challenges that concern activities done by their staff. More support staff means attorneys are
focused on lawyering alone, or lawyering and bringing in business and have the manpower
to support the tasks that are repetitive (and could therefore be automated),
tracking of various metrics (for those attorneys that do), and other
“non-lawyering” activities.
The What: The common
thread in the concerns the attorneys voiced, especially the solo practitioners,
was that there are too many softwares and applications that support different
functions of the firm. For example, one
program is used to automate the intake process, another to get signatures from
clients, a third one for billing, a fourth for calendaring appointments,
etc. Each of the attorneys, even the
ones who use practice management software currently, was concerned about their
trust account compliance. Those who use
software currently, report spending from $150 to $240 per month on various
technology platforms that support their firm.
Average cost of practice management software is $60 per month.
The Why: The consensus
of the attorneys I spoke with was that solution providers simply do not
understand the practical, day-to-day realities of a busy law firms. Even the ones that promote themselves as
“made for lawyers, by lawyers” fall short, especially in the integration
aspects.
Summary: Through this
exercise I discovered that there is a real need for a comprehensive software
solution that integrates most, if not all aspects of law practice. I also became reassured that through thorough
research, especially by talking to attorneys, I can identify their needs, goals
and best-case scenarios. On the other
hand, I was presented with a challenge of many different practice areas
requiring very different management solutions.
What I learned from the interviews is that law is still a very
traditional profession. Even younger
attorneys at times shy away from certain technologies or innovations, but at
the same time, all are willing to invest in a solution that will diminish the
burden of busy work and create more time for lawyering and family time.
Hello Mario,
ReplyDeleteVery interesting hypothesis! Since I am not an attorney nor work in law, I had no idea that law firms had such issues with their software. Thank you for sharing something new that may open up opportunities for bright minded entrepreneurs. With this article in mind, I will make sure to ask any lawyers I meet if they have the same issues. Hopefully, I will be able to learn even more interesting realities from them. Keep up the good work!