The software world has made a significant shift in recent years. By now you have probably heard of the term SaaS or Software-as-a-Service. SaaS is a software delivery model that allows users to purchase licenses that are paid for on a subscription basis and is hosted on a central server. The end user can easily access the software through web browsers across a wide range of devices. Gartner predicts that the SaaS market will reach $37.7 Billion by the end of 2016.
Many different businesses and industries are taking advantage of the cost savings, agility, and accessibility it offers their team members and law firms don’t have to be any different. There are several instances where SaaS for law firms can be extremely advantageous to your practice. It’s no secret that law firms aren’t known to be at the forefront of different tech trends, so here are some ways your law firm can use SaaS.
How Are Law Firms Using Software-as-a-Service?
SaaS Calendaring For Law Firms
Law firms that take advantage of legal calendaring systems delivered via SaaS enable members of their firm to access and stay on top of important dates and deadlines across the entire firm from wherever they may be working. Legal practice management software, CosmoLex even allows you to assign tasks to different members of your firm.
Document Generation in the Cloud
It’s not unusual for an attorney to meet a number of different clients in different locations. Different clients could be looking for help with the same document. Document generation in the cloud allows an attorney to access legal templates wherever they have an internet connection.
SaaS Law Office Accounting
SaaS accounting software for law firms can help your firm reduce leakage. With access to the law office accounting software virtually anywhere with an internet connection, all expenses can be easily recorded to be billed for as they happen. This means you or your firm will reduce money lost by not billing expenses to clients.
SaaS For Your Law Firm
At this point, there’s no real good reason for your firm to be sitting on the sidelines when it comes to using SaaS Legal Software. It has proven to be both efficient and secure across multiple industries, and the cost of entry is extremely low, actually even free.