Speed and productivity are competitive differentiators in the legal industry. Every minute spent on non-billable work translates to an expense instead of revenue. As document-intensive enterprises, excessive paperwork can be a real threat to law firm profitability. Recent research reveals lawyers spend only 30 percent of their workday on billable work, translating to only 2.4 hours out of an 8-hour work day, with other types of work, mainly administrative, absorbing a large share of the rest.
It’s clear that most law firms still have work to do when it comes to improving lawyers’ productivity. The challenge is to do this without compromising stringent client and case confidentiality mandates. Documents and document-related processes offer ample opportunities to advance these dual ends, and here are three proven techniques that law firms can apply:
