Financial Times FT.com

Use of technology: IT’s not all about costs

Published: June 28 2006 18:08 | Last updated: June 28 2006 18:08

Increased regulation has coincided with tougher competition in the business environment, causing clients to face severe cost pressures. As a result, they want more legal advice, but want to pay less for it.

Under this fee pressure, legal firms started to use internet technology internally, creating intranets for communication, collaboration, access to information and training. This was followed by innovative applications to help manage high-volume repetitive transactions, such as conveyancing and licensing.

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