Learn more about law firm panel best practices in Part 2 of this three-part series on cost savings

We know cost savings and legal spend management are top on the list of priorities for legal departments. Continuing our three-part article series covering key cost-saving strategies that legal departments should be looking at to protect the bottom line, in this second article you’ll learn about best practices for panel management, rate negotiations and RFPs. During our recent webinar, Basha Rubin, Co-Founder and CEO at Priori, Stephanie Wilkins, Editor-in-Chief at Legaltech News, and Carol Hopperton, Legal Chief of Staff at Vonage, provided insight into the potential impact of these strategies for members of in-house legal departments, including in-house lawyers and legal operations professionals. (You can also read Part 1 on staffing and work assessment.)

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Since the events of the Grenfell Tower fire on June 14, 2017, several organisations in the United Kingdom have been focused on ameliorating and improving building strategies in the UK – to ensure that such a tragedy would never be repeated.

But the issues of the built environment in the UK extend far beyond Grenfell; such is the premise of Dame Judith Hackitt’s 2018 Building a Safer Future report. The report outlines the concept of a ‘golden thread’; this was the suggestion that digital information needed to be effectively introduced and managed to enable decision-making through all stages of a building. The thread links all people and processes together as part of a broader strategy to make sure that built environment and building strategies within the UK are safer than ever.

But, how exactly does this function in practice? What does this mean for organisations?

The built environment has never been a more important issue for Data Clan, a Yorkshire-based solutions collective pioneering innovative ways to tackle issues and streamline organizational change. Data Clan is a multi-disciplinary research and consultancy firm with a passion for getting things done and a reputation for talking straight. Their track record certainly reflects it: CEO Chris Lees and Executive Director for Research Dr Rob Wray are working pro-bono on developing BRAC Golden Thread advice.

Data Clan utilises a cross-disciplinary approach to built environment and building challenges, enhancing outcomes like cost-efficiency, organisational cohesion, and solution efficacy, particularly in the context of safety-critical systems.

As Data Clan announces the “Age of Data”, they take a tech-focused approach to their new partnership agreement with digital transformation platform Cyferd. The partnership, which was signed this week, aims to combine digital innovation expertise and technology to help implement emergent Golden Thread requirements for the building industry.

Cyferd is innovating a digital transformation platform that enables users to streamline business processes through the creation of cloud-native, secure, no-code business applications. As they grow their platform, Data Clan’s extensive experience in the building industry will help them achieve solutions across the entire sector.

Chris Lees, CEO of Data Clan, said, “We are delighted to play our part in improving building safety, and this partnership allows us to apply Cyferd’s innovative platform to the existing and new challenges of digital asset information management. We see the potential to exploit the rapid deployment and lower total cost of ownership of the platform with clients in the housing and real estate sectors to meet both forthcoming legislative needs and current digital transformation ambitions.”

Greg Merten, SVP of Alliances and Partners at Cyferd, notes how critical Golden Thread policy is to linking aspects of the built environment.

“From the building owner to the construction worker, we can work with Data Clan to enable them to continue to innovate solutions to help connect communities with the buildings they’re intertwined in.”

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Why do legal professionals need a Managed Service Provider

The need for managed IT services ranges from simple things like forgotten passwords to massive data losses and security breaches. When thinking about your law firm, you need to partner with a managed IT service provider who can handle your environment and deliver prompt support 24/7/365. For a law firm, data protection, secure communication, smooth business operations and help around the clock is crucial to success. Managed IT Solutions help legal professionals ensure data security, privacy & compliance, streamline eDiscovery and document management and integrate digital technology with legal processes.

We solve the most challenging IT problem for legal professionals:
– Guaranteed secure email communication
– Remote management of mobile devices
– Eliminated downtime
– Stable online presence to generate new business leads online
– Improved security
– A move towards the cloud and virtual IT services
– Full IT audit and recommendations
– IT support at the moment you need it

Click for full article.

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The Challenge

We were asked to transition the hearing format for Royal Commission into Violence, Abuse, Neglect and Exploitation of People with Disability (DRC) into a virtual/ hybrid environment to allow hearings to continue through COVID-19.

Click to download PDF.

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If you’re involved with budgeting for a corporate legal department, chances are cost savings are on your mind. In light of the continuing economic uncertainty, your company may be looking at many different options to manage spend and reduce risk.

In this three-part article series, we’re covering key cost-saving strategies that legal departments should be looking at to protect the bottom line. During our recent webinar, Basha Rubin, Co-Founder and CEO at Priori, Stephanie Wilkins, Editor-in-Chief at Legaltech News, and Carol Hopperton, Legal Chief of Staff at Vonage, discussed these strategies and provided insight into their potential impact for members of in-house legal departments, including in-house lawyers and legal operations professionals. In this article you’ll learn about the importance of staffing and work assessment, and the best practices for achieving cost savings. (You can also read Part 2 on panel management.)

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Blue Car Technologies is pleased to offer a price match guarantee on like-for-like product functionality for their DocuSign Connector for iManage Work and DMS Archiver for iManage Work.

Click to learn more about the price match guarantee.

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Cyferd is delighted to announce its recent acquisition of Tetrakursio, a Spain-based company that specializes in a recursive engine to streamline the language between microservices to scale. As the company’s first-ever acquisition, coming only a year after its launch, Cyferd is excited to be bringing on a technology that enables easier user-defined workflows and automation.

So, what does this mean for Cyferd? The company hopes to use Tetrakursio’s ‘T-ReX’ engine in the quest for effective agile digital transformation through accelerating the development of microservice architecture. Tetrakursio’s mission aims to make developers’ lives easier by using recursion (the process of one value relying on its predecessor to perform operations) to enable automated workflows.

Nacho Bibián, Director at Tetrakursio, is excited to be able to use the recursive engine to help achieve breakthroughs in digital transformation.

“Microservices are the fundamental building blocks of any platform,” Bibián notes. “In order to break a huge program down into multiple microservices, you have to address all the potential questions that can surface: how do these services interact with each other? How do they interact with the wider program network?”

Previously, organizations had to deal with a program that was difficult to maintain and ‘break down’ into microservices, argues Bibián. With Tetrakursio, organizations can transform from a long and difficult journey to one that’s almost instantaneous.

Meanwhile, the Cyferd Platform takes a unique approach to data-focused digital transformation by tackling the problem of data fragmentation and data silos at the source. The platform enables users to create scalable, secure business applications in the cloud without the requirement for coding, accelerating digital business transformation. With Cyferd, users can reap the benefits of cloud minus the complexity and reduce the barriers to business innovation.

“The timeline for this acquisition is astonishing,” Ranjit Bahia, founder, and CEO of Cyferd, notes. “In just under one year, we’ve gone from launching ourselves as a company to building out and taking on additional teams. We’re excited to see how Tetrakursio helps emphasize Cyferd’s ‘low work’ mission.”

Cyferd has already drawn up plans for the incorporation of the ‘T-ReX’ engine into the Cyferd Platform, where customers of the platform will be able to create business applications in a fraction of the time it would previously take.

For more information, you can find out more information about Cyferd here and Tetrakursio here.

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Top Challenges for Legal Companies when Dealing with Technology and What has changed

One of the most significant changes is the evolving legal landscape, which has impacted how law firms need to consider their relationship with technology. Legal companies must now consider various factors, including the need for secure communication that cannot become a subject of cyber-attacks, data loss, and more. Additionally, a stable online presence has become essential as more and more law companies generate their clients online, and everything is going digital. Clients now prefer online consultations and need an online space to store their confidential data. As a result, legal companies must adapt to these changes to remain competitive and meet the needs of their clients.

Cyber-security: As the number and sophistication of cyber-crimes continue to grow, the threat to businesses is increasingly growing. Law firms are particularly vulnerable to such threats due to the sensitive and valuable data they manage and the outdated cyber-security systems that many firms in the sector still employ. Cyber-security requires extensive, long-term investment into your IT infrastructure and cyber-security staff. This may be especially difficult for smaller law firms that might not have the necessary resources to provide adequate protection. MSPs can help law firms by providing a secure cloud to store and protect their data from cyber threats.

Clients’ data protection: Client expectations around data protection are also increasing. Clients are becoming more aware of the risks of having their confidential information reside on an attorney’s unprotected computer. Law firms must create protection policies that secure client data, which can be easy to do with the right tools. However, it is practically impossible if things aren’t set up correctly.

Law professionals expect a hybrid/remote model: The ability to work from anywhere is powerful, and it is also seen as something of a perq by attorneys. Today’s remote staff, need the same environment, whether in the office or remotely. Technology complexity should not distract them from the billable business. Even recruiters must have a story ready to sell potential new hires on how efficiently and effectively the firm’s IT infrastructure supports their ability to work remotely.

Compliance: Compliance is a significant challenge for law companies due to the constantly changing legal and regulatory environment. As new laws and regulations are introduced, law firms must ensure they meet all compliance requirements. This can be daunting, especially for firms operating in multiple jurisdictions with varying regulations. Additionally, the growing use of technology in legal services has increased the risk of data breaches and cyber attacks, making compliance even more crucial. To stay compliant, law firms must adopt modern technology and digital workplace solutions tailored to regulations and meet the needs of lawyers and clients. These innovative solutions ensure the secure exchange and storage of data and facilitate smooth communication between firm professionals and clients to enable more effective collaboration.

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The Office Opening Marks an Exciting Chapter in the Digital Transformation Startup’s US Expansion

(PRUnderground) December 15th, 2021

Last week Cyferd, the company behind the new agile digital transformation platform, officially finalized a deal to open an office in New York City. The office, which will be located at the iconic 1 Rockefeller Plaza address, will be Cyferd’s first foray into the US market.

The Art Deco building, which was previously home to organizations such as Time Inc, the Museum of Modern Art, and the Girl Scouts of the USA, will be the first of Cyferd’s American locations and will primarily host business executives. Rockefeller Plaza sits in Manhattan’s Midtown, close to iconic landmarks like the Empire State Building, the Flatiron Building, and Grand Central Terminal. Another office, designed for Cyferd’s technology development team, is expected to open in the city later in 2022.

According to a Cyferd leadership source, having an expanded presence in both Europe and the North America reflects the long-term visions of company growth predicated to occur. The opening of the new office will mark a shift in Cyferd’s outlook for the future, according to CEO Ranjit Bahia.

“This now means that we’ll be able to make a start recruiting our first US employees and expand our journey,” Bahia says. “This past year has shown exponential growth, and we’re excited for this milestone to mark the start of our American adventure.”

The Cyferd platform takes a new and unique approach to data-driven digital transformation by tackling the problem of data fragmentation and data silos at the source. The platform enables users to create scalable, secure business applications in the cloud without the requirement for coding, accelerating digital business transformation. With Cyferd, users can reap the benefits of cloud minus the complexity by using one unified data model and reduce the barriers to business innovation.

For more information on the Cyferd platform, head to our website here or get in contact at greer.ross- mclennan@cyferd.com .

About Cyferd

Cyferd is a next-generation digital transformation company changing the face of digital transformation by building a platform that enables users to create scalable, flexible, and secure business apps in the cloud – all without the requirement for coding. With the Cyferd platform, users can reap the benefits of cloud minus the complexity of development. Take control of your data and create data-driven business applications on top of a unique, unified data model; make it easier than ever to save development costs, reduce time to market, and accelerate frictionless, agile digital transformation.

 

Read more: https://www.digitaljournal.com/pr/cyferd-unveils-brand-new-us-office-at-coveted-rockefeller-plaza-location#ixzz7vrnWpNRw

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Along with remote operations, the ability to sign documents on the go and from anywhere has become the ‘new normal’. For many businesses still hesitant to go back to the office, the new level of convenience and consistency that eSignature delivers to document processes has become the standard.

Read Blue Car Technologies’ blog.

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