A constant stream of technological innovations has now become the norm, with each new technology promising to be a game-changer for business in the future. Artificial intelligence (AI) immediately comes to mind as the latest ‘silver bullet’. In fact, the widespread view is that AI is going to take the legal sector by storm – and many law firms are impatient to get on the ‘bandwagon’.
Whilst it’s important that law firms explore these new technologies – that may or may not deliver on their perceived potential in their current form – with vigour to evolve and innovate; it’s also vital that they exploit existing proven technologies and approaches that are optimised and available ‘today’. Often these existing technologies and methods are forgotten in the excitement of chasing the ‘next big thing’ – which in time meets the same fate as the existing technology – ie remains under-utilised and hence its potential is never fully exploited for business gain.