With advances in technology, internet services have become available to consumers on the go. One can access online services such as Gmail, Yahoo, Amazon, Netflix, Facebook, and Uber on any device, such as a smartphone, tablet, or laptop. This is only possible due to cloud computing.
What is Cloud Computing?
Cloud computing is the availability of on-demand online services such as applications, data storage, and processing power. It enables users to access Software and online services from anywhere without needing any physical infrastructure.
For better practice management, businesses of all sizes typically use cloud service providers to deliver required services, such as storage or applications. These businesses can then run their operations like contract management, litigation, intellectual property, etc., effectively and cater to their consumers' needs using cloud computing services.
The cloud services model can be broken down into three parts. Firstly, Infrastructure as a Service (IaaS), also called Hardware as a Service, is computing Infrastructure managed over the internet, including servers, storage, and networking.
Second, Platform as a Service (PaaS) is an added layer on top of IaaS, comprising tools and Software that developers can use to create, manage, and run applications.
Finally, Software as a Service (SaaS) refers to applications that users can access and use daily.
Cloud Computing and the Legal Landscape
The dynamic legal landscape is compelling legal firms to choose cloud-based practice management to stay in the game. According to the 2020 American Bar Association's Legal Technology Survey Report, 58% of lawyers use cloud services. On average, an employee in a business firm uses 36 cloud applications and is familiar with such services. Further, 67% of lawyers use Dropbox, the popular cloud service for storing and sharing files, and Microsoft comes next at 49%.
As the survey was circulated pre-COVID-19, the numbers are expected to change drastically by 2021. Contract management is also being reformed with the use of artificial intelligence (AI). The technology is projected to register a CAGR above 28% by 2024, enabling more efficient content creation and management.
The use of cloud computing is increasing globally. In India, Provakil provides an integrated SaaS platform for all legal matters, including litigation, contracts, intellectual property, and compliance. Using cloud computing and the latest technologies such as machine learning and AI, this legal operations management suite also provides customized workflows and analytics.
Benefits for Lawyers
There are many benefits to legal practice management with cloud computing, as listed below.
Accessibility By using cloud-based Software, applications and documents can be accessed from anywhere; the only requirement is an internet connection. Clients have continuous access to their data and all related materials, even while traveling or in remote locations. Any changes made will be automatically reflected in the application, ensuring error-free services. There is also no limit to the amount of data that can be accessed.
Affordability The costs of Hardware, vendors, maintenance, IT staff, and more can be significantly reduced by adopting cloud-based legal practice management. There are low entry costs and no need to purchase servers or increase storage space. A small fee payment without any hassle can get the process underway. The cost savings for a legal firm will be in the range of 50%-75% from such a shift.
Security Data stored on servers is highly secure because data centers adhere to the latest auditing standards. Cloud computing vendors provide 24/7 security monitoring and advanced access procedures based on biometrics. Additionally, there is physical security for the data centers along with regular testing, ensuring that advanced data protection is delivered.
The data is also encrypted, ensuring that the client's and the legal firm's data remain confidential. The vendors maintain multiple server locations, so the data always remains backed up and secure.
Usability Unlike other on-premises practice management systems that require time for setup, installation, and training, cloud computing software can be deployed quickly in any law firm. The cloud-based solutions operate in web browsers and can be deployed within minutes. There is also virtually no learning curve during the training period, as most employees will be familiar with cloud-based applications.
Freedom With cloud computing, lawyers have unmatched freedom to complete their work anytime, anywhere. As the applications are available virtually, lawyers can easily access important documents, schedules, manage contracts, and other crucial data.
The only concern a legal firm should have with cloud computing is the provider's data handling. Customers should ensure compliance with data privacy rules, access controls for confidential information, data encryption, and other requirements specified in the terms and policies.
Conclusion
Shifting to cloud computing is a necessary solution for legal firms today. All the aspects regarding basic cloud computing were covered in this article, including the current status of legal firms and cloud-based solutions. A detailed explanation of the benefits of this solution to lawyers was also provided.
Provakil provides legal services through a single integrated SaaS platform for legal firms, helping make their jobs easier. Lawyers can stay on top of their game by using these services for legal practice and contract management to better serve their clients' needs.
Dive deep into Provakil's numerous blog posts & discover how legal tech can streamline your litigation, contracts, IP, and notice management processes.
