eDiscovery professionals and lawyers can thrive in an environment where information is readily available and easily accessible. This also applies to small law firms even though they may not always have the required eDiscovery technology, or the departments related to the litigation process. As eDiscovery is on a rise now, smaller law firms can also make sure that their practices spring into action without spending large amounts of money, and at the same time enlarge their portfolio of services for their clients.
Inexpensive cloud-based services are now accessible and affordable by all kinds of law firms: big or small. Until recently, state-of-the-art eDiscovery technology and cloud services were available only to the largest law firms and corporations in the market. Smaller law firms and corporations were more or less priced out of the market because of the lack of affordable and easy solutions.
As legal professionals of relatively smaller law firms position themselves to survive the ups and downs of an ailing economy, a number of distinct trends have emerged in the legal industry. Most of these trends help law firms and organizations become more efficient, productive and competitive in a global market.
Lawyers are often exposed to large number of documents and data management challenges and small firms often don’t have the budget for special departments within the firm to combat these challenges.
Small firms have come up with their own set of solutions to combat these issues. One of the biggest advantage that small firms have is the ability to offer partnerships. Smaller firms are now trying to partner with larger eDiscovery service providers and other small firms with expertise in eDiscovery. Smaller firms having effective systems for their eDiscovery stages allows the firm to be in equal competition with larger firms and this significantly increases the workflow of the organization.
While traditionally, larger law firms have dominated the eDiscovery market so far, small firms have also now made an entry into the eDiscovery arena and are soon poised to offer cost effective eDiscovery solutions to their clients. To do this, it is imperative that smaller law firms have to embrace the best-in-the-class tools and technologies offering them the advantages of efficiency, allowing them to ensure a level playing field.