Two viewpoints dominate innovation—clients and law firms. The gap between the 2 is large. Clients say only half of all law firms are showing any sign of innovation. The law firms who are among the first to close this gap will win the innovation race, or at least take the lead.
BTI’s exclusive research with top legal decision makers uncovered 27 client needs and priorities—some demand technology, while a significant number don’t. We discuss 7 of these needs below:
Online access to (and storage of) working and final documents
Clients want their law firms to place their documents in a secure, easily accessible digital location. These clients want to see current work product and drafts but want history as well. They also want client-friendly naming conventions, clearly describing the content.
Dashboards with budget status, timelines, and KPIs
Clients routinely report financial performance for their department and selected matters to key individuals. The days of chasing law firms for this information are coming to an end. The innovative law firms are pushing this out to clients and provide near real-time access in user friendly formats—AKA—a dashboard.
Remote access to work product through apps and cloud‐based systems
Clients want simple to use apps to access the data on 1 and 2 above, just as they do in many aspects of their life.
Clients want to know where to call, knowing it’s not their lawyer, to get help using your website and accessing data.
Contract development and management tools
In what could be the first real client adoption of AI-based tools, clients see great benefits in using software to manage contract development and existing contract management.
Process and workflow management strategies
Clients tell us the real benefits in improving process and workflow are better quality, more clear communications, and shorter cycle times. The reduced billable hours and resulting savings are a strong 2nd place benefit.
Artificial/Augmented Intelligence tools
Top legal decision makers are looking for benefits in e-discovery and contract automation. Other tools such as AI-based legal research can bring benefits—but clients expect law firms to adopt these tools to improve quality and cycle time. The main message—top client needs are foundational—focusing on day-to-day activities and needs. AI becomes interesting when it hit daily operations.
The law firms standing out for innovation are talking to their clients, getting feedback, and putting innovation officers in direct contact with clients—as well as getting client feedback. These firms then build tools or change behaviors and apply these changes to the broader client base.
You can learn all the details behind the 27 client needs and priorities in BTI’s just released BTI Legal Innovation and Technology Outlook 2019: Clients Rank Their Needs and Law Firm Performance. This report also details 40 law firm actions and tactics clients see as the most innovative—in full detail. Learn more here.
(Based on more than 359 in‐depth telephone interviews conducted between February 20, 2017 and July 8, 2018)