legacy software - LawTechnos | Legal Technology Magazine https://lawtechnos.com Wed, 07 Dec 2022 13:38:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://i0.wp.com/lawtechnos.com/wp-content/uploads/2022/12/cropped-LawTechnosLogo.png?fit=32%2C32&ssl=1 legacy software - LawTechnos | Legal Technology Magazine https://lawtechnos.com 32 32 213081893 Is legacy software pulling down your legal department https://lawtechnos.com/2016/03/11/legacy-software-pulling-down-your-legal-department/?utm_source=rss&utm_medium=rss&utm_campaign=legacy-software-pulling-down-your-legal-department https://lawtechnos.com/2016/03/11/legacy-software-pulling-down-your-legal-department/#respond Fri, 11 Mar 2016 10:53:47 +0000 http://www.demo.spiderbuzz.com/themes/spidermag/?p=96 Legacy software — i.e outdated technology that is still crucial for  day-to-day operations — are quite common even now in corporate  legal departments. Like many legal ops...

The post Is legacy software pulling down your legal department first appeared on LawTechnos | Legal Technology Magazine.

]]>
Legacy software — i.e outdated technology that is still crucial for  day-to-day operations — are quite common even now in corporate  legal departments. Like many legal ops professionals, you probably  assume that your current systems and software is working just fine,  so there’s no need to fix what isn’t broken. But, in reality, those  antiquated systems are holding your department back. In spite of the fact that most legal departments know that their  systems and technology is outdated / even obsolete, many legal  departments will argue that they simply don’t have the budget to  upgrade their technology. But the truth is, outdated setups cost  more to maintain. Old-school setups also open your department up to more security  risks. Are your current systems really worth the possibility of a data  breach that could lead to expensive lawsuits down the line? 

Maintaining legacy software is more expensive 

Obviously, dedicating the majority of your budget to maintenance  is not ideal, but then the negative effects of obsolete software also  compound over time. Avoiding digital transformation for cost-savings makes you less  competitive in your industry. If you’re allocating say, more than half  of your allocated budget to maintenance, you won’t have much left  for innovation. Again, outside firms don’t want to work with clunky,  outdated systems. As your tech becomes more and more  frustrating to work with, you can also miss out on valuable  partnerships and consequently lose revenue.

Employees get frustrated with outdated tech 

Worldwide, 75% of legal department employees think that their  workplace technology is unnecessarily complicated. What’s worse  — more than one-third of those employees feel that legacy  technology makes their job harder. Workplace technology used to be cutting edge, but now, consumer  tech is more intuitive. Wouldn’t you love to preview documents like  you can preview shows on Netflix? Your staff sure would. In fact,  48% of employees wish their office technology worked like their  personal technology. 

Legacy systems limit access to (in)valuable data 

Legal departments often need to explain and justify their spends to  finance and accounting. If all your data is spread out across  multiple systems or buried in complex spreadsheets, you’ll have a  really hard time making your case. Workers working on old systems spend almost 20% of their  workweek searching for and gathering data. Chances are, your  legacy system forces your team to move between multiple  applications to round up information — wasting even more time in  the process. 

Obsolete systems force you to waste time on low value work 

Antiquated systems often lead to highly-paid legal employees  getting bogged down with mundane administrative tasks. Legacy  systems just don’t have many of the time-saving and smart  features that allow your team to avoid basic admin work.

So, it can be safely concluded that…. 

It’s always recommended to stop wasting time and money on  legacy systems in your legal department. Investing in upgraded  legal enterprise software like Beveron’s Smart Legal Counsel, for  instance, can help you become more competitive, keep your  employees more engaged, and give you better visibility into and  control of your budget.

The post Is legacy software pulling down your legal department first appeared on LawTechnos | Legal Technology Magazine.

]]>
https://lawtechnos.com/2016/03/11/legacy-software-pulling-down-your-legal-department/feed/ 0 96