Legal

The recent economic turbulence has accelerated the transformation from the practice of law into the business of law.  Law firms must continually evaluate and update their business processes in order to remain competitive. One huge barrier firm’s face in meeting this challenge is transforming the firm’s information assets from reactive to responsive. Most firms are sitting on huge piles of data that they can’t find or use. This is rigid, limiting and costing them revenue.

On the other hand, a responsive firm can have information repositories that are huge but work as a single source of truth. Interoperable, and empowering. A responsive firm has information confidence and understands its environment –its market, its customers, its problems and its opportunities.  – in real time. A responsive firm allows ideas to lead to innovation to lead to growth and scale.

Every matter has a large information shadow. In fact more than 80% of Enterprise Information is unstructured, but to date, most investment has been in structured information management such as Time and Billing and Litigation Support Systems.  This was mostly because firms lacked the ability to comprehensively manage unstructured matter data. But now they can and they must – there’s incredible value hidden there.

OpenText can help. OpenText builds Enterprise Information Management (EIM) systems that turn firm information into an innovative firm. EIM is a set of purpose built technologies and practices that optimize the value of information for law firms while minimizing its risks. OpenText EIM gives you control over the firm’s information enterprise, creating the opportunity for unlimited growth and responsiveness.