The legal industry’s use of technology is rapidly evolving. Continually changing marketplace dynamics and a new generation of leaders is emerging, bringing different technology expectations and a stronger need for data-driven decision-making. Couple that with shifting client demands that necessitate innovative solutions, and we’re dealing with much more complex organizations that must innovate for the future. So, how do we leverage technology to simplify complexity and improve productivity within firms?

Elite CEO Mark Dorman explores this question and more with Zach Posner from the LegalTech Fund. Part of the answer, Mark states, lies in automating financial management and business operations to make law firms more efficient, effective, and profitable, while also reducing risk and increasing compliance. How do we achieve this? By migrating from traditional on-prem software to cloud-native SaaS solutions. Specifically, the move to the cloud is the first step toward a faster and more services-oriented delivery of technology—precisely where the legal industry is heading—and once there, that is when firms can begin to unlock new, innovative solutions as well as AI-driven capabilities.