Act now to secure your success in 2017, say Redbrick Solutions

Act now to secure your success in 2017, say Redbrick Solutions

Despite a challenging year, the recent PwC Annual Law Firm Survey presents evidence of continued stability for the UK legal sector.

The legal sector remains a real success story for the UK….whilst firms have, on average not reported significant growth in either profits or revenue this year, there are many successful law firms with the resources to meet future uncertainties.

PwC’s 2016 Annual Law Firm Survey has revealed that:

  • 75% of UK firms have increased their fee income this year (82% in 2015).
  • Technology and processes have again been identified as the number one priority for firms in the coming year, suggesting firms are still focused on ‘fixing the basics’.
  • ‘Client Experience’ and ‘Operational Efficiencies’ were identified as the main drivers for embracing digital technologies.
  • Firms have been slow to adapt to recent data analytics tools and appear to be responding by planning IT projects and prioritising improvements in data analytics and reporting.
  • Information security continues to be a significant risk with 73% of firms reporting they had suffered from a security incident. The most common incidents related to phishing attacks and malware.

So, amid intense competition and an uncertain future how can firms ensure their success in 2017?

Martin MacDuff, Managing Director of Redbrick Solutions, agrees that using technology to drive operational efficiency and deliver a better client experience is essential. He comments: “We meet law firms of all shapes and sizes and find that there is a real divide.  Many are using significantly out of date technology that is having a negative impact on their profitability yet they place very little importance on their IT systems.

“On the other hand, we have clients who have increased their instruction levels by 110% over the last couple of years and have only increased their headcount by a fraction of that because they have streamlined their processes, automated as much as possible and are making business decisions based on financial and industry insights they were unable to access previously.”

Martin concludes: “Having powerful business information easily available has made a world of difference to the way firms are viewing their business.  They can now easily understand costs, profit and productivity across either the whole business or targeted areas and are using that information to drive steady growth and secure their future success.”

Making good use of technology is going to be key in 2017, with 95% of firms agreeing that technology is their number one priority, so if you haven’t yet seen Redbrick Solutions now is the time to act.

If you would like to understand more about legal technology solutions and the benefits they could bring to your business, Redbrick Solutions offer no obligation, one to one consultations.  To book, please call 0845 166 2629, or visit www.redbricksolutions.co.uk.

This article was submitted to be published by Redbrick Solutions as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

Redbrick Solutions

http://www.redbricksolutions.co.uk/

Redbrick Solutions: Easy to use case management, delivered by experts, for successful law firms

Our revolutionary legal case management solution Redbrick Practice Management integrates case management, document management, reporting, workflow, task and diary functions, compliance and outlook integration all via a user friendly interface with best practice built in. We assist users at every step of the way from the initial estimate through to invoicing the client and collecting monies, producing letters, legal forms, bills and statements in seconds and managing risk via a transparent to-do list visible to case owners with all the third party links you’ll need.

Our secure two-way client portal enables you to share documents and sensitive information safely and effortlessly with your client, whilst our built in reporting module will deliver business critical information automatically to key decision makers and can be customised to suit your requirements.  Our clients range from Top 200 firms to regional multi partner firms, but wherever our products are used, the results are reassuringly the same: we help you handle your matters in as efficient and cost effective a manner as possible.

Redbrick Solutions are delighted to have been awarded ‘Leading Expert In Tech 2017’ by Softec Int, and to still be the only legal case management provider to have achieved the Legal Eye Standard. We work closely with our clients, through user focus groups, to ensure we build solutions that make a real difference to you, the lawyer.

Redbrick Business Intelligence, our back office solution, covers the full spectrum of financial management requirements including; Client and Business Accounting, Billing and Productivity Management and Financial and Analytical Reporting.  The two solutions can be used together to provide one powerful, seamlessly integrated solution delivering everything required by the modern law firm.

Our best in class solutions and service led ethos have resulted in us being the only software supplier to have been selected by the Society of Licensed Conveyancers (SLC) as preferred supplier to its members.  We are also members of the Legal Software Suppliers Association (LSSA).

For further details on any of our products or services please see www.redbricksolutions.co.uk or contact Jo Hodges on 0845 166 2629 or [email protected]

 

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