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How to Get the Most Out of a Legal Technology Proof of Value

Published online by Cambridge University Press:  31 March 2021

Eleanor White
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Abstract

Adoption of legal technology within law firms has seen a significant increase in recent years with the current necessity for seemingly indefinite remote working only adding to the need for technology solutions to keep legal workflows running. In light of this, legal technology purchases will undoubtedly see a further increase and a well conducted proof of value is crucial to making the right investment decision. This article is based on a talk given by Eleanor White at the BIALL Knowledge Management SIG in November 2018. It establishes the difference between a proof of concept and proof of value and elaborates on some key principles to consider during each phase of the latter. From the preparation and planning through to the running of the evaluation and the resulting decision-making process, this article addresses how to get the most out of the proof of value opportunity.

Keywords

legal technologylegal techproof of value
Type
Current Developments in the Law Firm Library World
Information
Legal Information Management , Volume 20 , Issue 4 , December 2020 , pp. 195 - 198
Copyright
Copyright © The Author(s), 2021. Published by British and Irish Association of Law Librarians

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References

Footnotes

1 The Law Society, ‘What is lawtech?’ https://www.lawsociety.org.uk/campaigns/lawtech/guides/what-is-lawtech accessed 21 September 2020

2 The Law Society, ‘What is lawtech?’ https://www.lawsociety.org.uk/campaigns/lawtech/guides/what-is-lawtech accessed 21 September 2020

3 Gartner, ‘Communicate IT's Business Value’ https://www.gartner.com/en/information-technology/insights/business-value-of-it accessed 21 September 2020

4 James Cote, ‘Legal Tech Adoption: a Principled Approach’ ILTA Peer to Peer (Winter 2019) http://epubs.iltanet.org/i/1195860-winter-2019/0?_ga=2.226170714.1973112900.1601408567-1012378163.1565270819 accessed 21 September 2020

5 Kate Cain, ‘Tech Solutions Journey’ ILTA Tech Solutions White Paper (April 2020) http://epubs.iltanet.org/i/1242249-tech-solutions/0?_ga=2.251402310.1973112900.1601408567-1012378163.1565270819 accessed 21 September 2020

6 James Cote, ‘Legal Tech Adoption: A Principled Approach’ ILTA Peer to Peer (Winter 2019) http://epubs.iltanet.org/i/1195860-winter-2019/0?_ga=2.226170714.1973112900.1601408567-1012378163.1565270819 accessed 21 September 2020