More than Ever, Small is the New Big

Small is the New Big

In 2006, at the Law Society Future of Legal Practice Conference, I spoke about how modern developments such as affordable legal technologies, online libraries, pervasive online communication and mobile technologies, would lead to a changed landscape where “Small is the New Big”.

You may recall this was a time where the legal profession was shrinking, both in terms of the number of law firms and the number of practitioners.

The collapse of seemingly invincible, venerated global financial institutions, the number of Big Law breakaways and the continued increase in the number of small law firms starting up (1-5 practitioners, as defined by the law society), has put to rest the notion that Big = Better. Today, with technology and the pay-per-use business model of outsourced legal support services, size is no longer a requisite to success. Small can be Great, as easily as Big can Fail.

At Bizibody, we are convinced, that this Small is the New Big trend will accelerate. What’s different now? Cloud-based legal technologies have now come of age, offering equivalent or better features than their onsite server counterparts, at a lower “cost of ownership”. Apple for Apple, cloud technologies will invariably perform better in terms of ease of use, scalability, affordability, upgrades and I daresay, security.

In 2016, we are truly excited to be offering you a really outstanding suite of different cloud-based legal technologies for practice management, document management, document automation and case management, that makes it possible for you to realise not just productivity gains but new ways of serving your clients, offering lower cost services without loss of quality or profitability.

To do this, today’s modern law firm needs to venture beyond word processing, and financial management software. Technology cost is not a factor , especially in the Singapore context, where cost of labour continues to rise, and technology costs are subsidized by generous government grants.

Serena Lim