The Risks of Innovation Through Technology in Legal Practice
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With the increased use of technology in legal practice, it is imperative that we remain aware of current best practices and precautions. While the use of such technologies may increase productivity, we must first be sure to protect our client and business.
Lawyers have always been innovators; any time an attorney crafts a novel legal theory or creates a contract to manage a new type of risk, he or she is innovating. Business innovation, though, has been less common among lawyers, but in recent years, technology has driven and empowered attorneys to pursue innovation in all areas of their practices. Faced with competitive pressures from lawyers and other legal service providers throughout the world, cost-cutting mandates from clients, and a need to remain relevant, attorneys are adopting technologies for research, collaboration and communications at an astonishing rate.
These technologies, however, are not without risks of their own. Attorneys may face ethical and business risks, and may entangle their clients in risks as well, through misuse or misunderstanding of innovative technologies. Among the biggest potential pitfalls:
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