Welcome to the Institute’s 2020 guide to listed legal software suppliers.
Lockdown has forced many firms to put all major decisions on hold for the past few months. Covid-19 has thrown us into adopting new working practices, principally working at home, with our team spread over many locations. Remote communication and remote access to office systems have become critical technological needs. This means it is critical that firms establish the right systems and software to ensure compliance, effectiveness and fast response times. Cost is of course always an important consideration, but security becomes an even more crucial factor as we move our systems into the cloud and as cybercrime and fraud increase to take advantage of the new working arrangements.
Our new and updated 2020 guide will help you through all of this. You will find company overviews, products and target markets for all the software suppliers listed in the guide. We list them by size and area of law and include some of the key functionalities and areas of compliance of their products.
The changing nature of legal services, the cloud, the requirements of the new Accounts Rules and of Making Tax Digital all put a greater emphasis on software suppliers to make systems interactive and flexible. Security, regulatory and legal obligations are now more important than ever. These considerations are crucial when firms invest in new or replacement software systems, so they can manage client matters properly and comply fully with regulations.
The way we interact with people, clients and government is now driving business activities, so that we can respond to ever-changing customer demands and behaviour. It is no exaggeration to say that technology is re-engineering how legal services are provided and delivered: the fast pace of this re-engineering has certainly been accelerated by the current pandemic.