atans1

Assistance what assistance?

In Uncategorized on 11/03/2017 at 2:56 pm

Lawyers will soon get support from the Government to adopt technology in their law practices, under a new $2.8m scheme launched on Monday (Feb27).

The Tech Start for Law programme will fund up to 70 per cent of the first-year’s cost for technology products in practice management, online research and online marketing for Singapore law firms.

It was jointly announced by the Ministry of Law, the Law Society of Singapore (LawSoc) and Spring Singapore.

ST

LawSoc president Gregory Vijayendran said a recent study commissioned by LawSoc found that only 9% of the small- and medium-sized firms here used technology-enabled productivity tools. He said that cost was key reason for the low adoption rate. (lawyers prefer spending their money on Ferarris isit?

The programme targets the 850 smaller law firms here.

The five technology products identified under the scheme include practice management systems CoreMatter, Lexis Affinity and Clio; online legal research tool Intelllex; and online marketing tool Asia Law Network. These products typically cost firms between $3,000 and $30,000 to adopt.

$2.8 mil to help targeted 850 smaller law firms: so average of $3,294 per law firm. Even if only 774 firms (9% of small firms have spent on IT, see above), each firm gets $3,618. Each can only only one low end product.

Call that help? What a load of BS.

Might as well don’t bother.

But to be fair, lawyers are bad at maths. Juz ask the three lawyer MPs on AHTC who could be on the hook for damages, together with other TC members.

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  1. […] via Assistance what assistance? — Thoughts of a Cynical Investor […]

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