Law firms’ strategy to focus on technology

With the use of evolving technology becoming more important to the UK’s leading law firms’ strategic planning, a recent survey from HSBC and The Lawyer revealed that 81% of respondents said technology was crucial to the future of their firms. Chloe Clift, HSBC UK Head of Professional Services remarked: “While investment in technology is clearly still a priority, law firms are pulling back from new and innovative technologies for focus on their ‘business as usual’ systems that lie at the heart of operating an efficient modern law firm.” She also noted that firms’ investment in preventing cyber-crime should not be ignored, with the potential for damage to a company’s operations or reputation in the event of a breach.

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