Legal technology consumers have a lot of choices these days. But that wasn’t always the case. Now, law ﬁrms can choose from an emerging group of online cloud providers for legal practice management (LPM) and time and billing applications.
When evaluating new options, it’s important to determine what’s best for a ﬁrm’s needs and to understand price and fee structures. With traditional client-server LPM systems, ﬁrms pay up-front costs and maintenance fees over the years. With the cloud model, ﬁrms pay little or no initial overhead; instead, ﬁrms are charged monthly fees.
The goal of this white paper is to attempt to clarify what ﬁrms can expect to pay and what they can expect to get for their money. The bottom line: up-front costs and IT management time are considerably higher in the traditional LPM model than in the cloud.
Also, ongoing maintenance fees required by older LPM vendors eliminate the “spend money once” advantage of installed software.
Founding Partner and Chief Software Architect for Rocket Matter