5 Most Significant Changes Occurring in the Legal Industry Today

It is a natural phenomenon that various commercial industries undergo changes with time. The legal industry is not an exception. In the recent times, various new trends have emerged which have altered the working style and demographics of the legal industry. Obviously, the emergence of new technology has made a lot of difference.

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Below mentioned are some changes which have affected the law office management in recent times:

Paperless Office- In the past, visitors would find piles and piles of files lying in the offices of law firms. With the emergence of electronic technology, a lot of data can be stored in computers, hard disks etc. This helps in saving office space and keeping the office neat and clean. It also ensures the safety of data as there is always a case of paper files getting lost.

The emergence of social media- With the emergence of social networking, the law firms can easily market their services to the target audience and broaden their customer base. Tools like YouTube, LinkedIn, Twitter etc., can prove to be very useful in this regard. It was difficult for law firms to advertise themselves through costly media like television, newspaper etc. Social media offers a cost-effective solution.

Increasing the popularity of outsourcing legal services- Hiring the services of a legal outsourcing company has become a common norm for law firms. These services offer benefits like better management of time, helpful in situations of work overload, helps in cost cutting etc. They offer a variety of services like legal research and writing, contract management and review, e-discovery and document review, document coding, litigation support, paralegal, accounting, data mining etc.

These services have also improved the work-life balance of the lawyers who were earlier suffering from time-related constraints and excessive work pressure. Reduction in work pressure can also help in enhancing efficiency.  Another advantage of outsourced law services is quick turnaround time.

Enhanced communication with clients- With the emergence of mobile phones, emails etc., the communication with clients has become better and easier. Now lawyers can easily contact their clients and vice versa. This has helped in the better workflow and ensuring lesser complications.

The emergence of virtual offices- Hiring a large office and offering infrastructure to employees involves a lot of costs. By offering the option to some of the employees to work from home, law firms can save a lot of funds. The concept of virtual offices has become very popular among the law firms management and has helped them in remaining competitive.

Related: Law Firm Management Services – Key to Boost Profitability

 Cogneesol is a leading provider of outsourcing legal support services to law firms looking for cost-cutting and revenue optimization solutions. In the last eight years, they have earned the goodwill of their clients by adhering to deadlines and the desired quality standards. They have access to proficient staff and the latest software for fulfilling the needs of clients. To get more information, contact us at info@cogneesol.com or call us at +16466882821.

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What You Need to Know About Paralegal Services?

Before going into details of what constitutes paralegal services and what they have to offer, it will be relevant to know who a paralegal actually is and what his duties are. A paralegal is one who is trained in legal functioning and has knowledge of the various aspects of law and legal procedures. However, there is a subtle difference between paralegals and lawyers. Paralegals are prohibited from offering legal services directly to clients and must work under direct supervision of a lawyer. They can be employed by a law firm or the legal department of a company or even work freelance at the same places.

Lawyers more often than not are always short on time. This is because the bulk of work in preparation of cases is time taking backend tasks that prop up the main litigation on hand. Most of these are tedious, revolving around research and writing where no real interpretation of law is required. However, these are absolutely necessary with two options to have them done. The first is to hire lawyers at high salaries to basically do work that does not form a part of core activities. The second is to hire paralegal support services at a fraction of the cost but with the same level of competence and output.

Services Offered by Paralegal Agencies-

  • Secretarial Services Legal – These are services required by a client to constantly be in the loop about the progress of a case and comprises of Calendar Management, Mailing Services, and Transcription Service. It also includes data entry, proofreading and editing of important documents and court related papers and preparing presentations to be made to the client about various facets of a case.
  • Preparation of Documents, Contracts and Agreements – In many cases, agreements and contracts have fixed formats but in others, fresh clauses have to be incorporated that are specific to the case only. Drawing up loan agreements, retainer agreements and pre and post nuptial agreements are some of the examples in this regard where the law must be followed to the last letter and there is no discretion to interpret the clauses in any other manner. Framing employee manuals, preparing documents for divorce proceedings and Bill of Sales are some of the other tasks taken up by paralegals.
  • Litigation Support Services – Paralegals are well adept in offering EDD (Electronic Document Delivery) solutions that facilitate quick communication between the legal firm and client. Working on dispositions, ESI processing and most importantly reviewing all documents are some of the other litigation support services that can be had from paralegal services.

Beneficiaries of Paralegal Support Services –

  • Large Corporations and Legal Firms – Both these entities prefer to opt for external services to cut down on expenses and time. Any increase in legal requirements can be easily met by parceling off services to external agencies without having to hire lawyers for a short term. Again with a large bank of ready paralegals to back up work at short notice, there is no delay in preparation of cases even when there is a sudden surge in litigation cases. With overheads under control, law firms can structure their fees attractively for quality clients and thereby facilitate business growth and development. There is no need by legal luminaries to get tied down to such mundane tasks as legal research and drafting and preparation of documents.
  • Small Legal Firms and Solo Practitioners – For these sectors paralegals have a great role to play; in fact, it would not be wrong to say that they survive largely on the support of these services. Small firms need not be limited by the size of their staff strength to take on more cases; they can bank on the professional expertise of paralegal agencies to support them without scalability issues looming large before them. With such services being very affordable, small firms and solo practitioners can parcel out the bulk of support services while focusing on the very minimum that is, court appearances.

Read Also4 WAYS PARALEGAL OUTSOURCING SERVICES INCREASE CLIENT SATISFACTION

Hiring paralegal services is the best option for legal practitioners looking for exponential growth of business without a corresponding rise in overheads.

One of the industry leaders in paralegal services is Cogneesol. Our team of qualified and experienced paralegals is well conversant with the finer nuances of a law of most countries. To know more, contact us at info@cogneesol.com.