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Importance of updates in legal industry

by Irayya M
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Those who update exists; time phases out the rest

Updating is crucial to surviving and succeed in every domain, be it work or life. It can be on personal front
via acquiring skills or building knowledge as well as in professional front as reflected in improving
infrastructure, the way of management, or improvement over the ongoing.

In fact, updating is as good as invention and in some scenarios even or beneficiating.

In legal industry and legaltech, it has double fold implication.

For the practitioners, it is equally important to update the way they manage their firm and their
schedule as that of their knowledge. Lawyers who use management tools and calendars are undoubtedly
taking an edge over the traditional diary users. To further stand out of the rest, those who are using
exclusive practice automation tool are moving ahead of the free apps users, as they are able to reap the
benefit of constant updates.

For the solution providers, it is important to constantly update and upgrade the automation tool to make
their customer’s practice easy and streamlined. The ones who are able to do that have higher chances of
sustenance compared to those who provide legacy based systems.

It has been noticed that the law practitioners, using automation solution are ready to pay a price for the solution with regular updates and feature adds, as the premium paid is fractional compared to the
returns. ‘Hence it is fruitful to pay premium for a farm that yields constantly and increasingly!’

In the long run, it is evident for both legal practitioners as well as a legaltech solution provider, that the
ones who keep updating stay in the market.