Mar, 2021 · 5 min read
Are you the type of person that has to have the latest features? Are you driven to buy the latest car, electronics, or appliances just because it has the state-of-the-art "must have" features? This behavior in your personal life may not be bad if you can afford leading edge products, but in business this can have a big impact on your law firm's performance.
How can a new feature or capability be a bad thing? There are numerous ways that this can have a negative effect.
So how should you analyze the value of a new feature or capability before investing your time or money on it.
First understand if the feature will improve top line management of the law firm, enhance bottom line performance, or reduce risk / aid in compliance.
Second, if the new feature makes sense to implement then make sure it is done thoughtfully.
New features and advancements in technology can be very beneficial to the success of a law firm. But not all advancements deliver the expected benefits (e.g., Microsoft Bob and Clippy, Google Glass, or Apple Newton). Before making the investment in time and or money do some analysis and make sure you have realistic expectations.