Every law practice generates and collates copious amount of data on a daily basis. The advent of digitization, technology revolution and intellectual competency together, converted mountains of paper into digital files. 20-30 years down the line, firms are now sitting on heaps of digital data which is not being used to the best of its potential. Practices are recreating the wheel, wasting time and resources to research and re-create knowledge, which has been extensively researched by the firm previously.
What is Knowledge Management?
In simple terms, Knowledge Management streamlines the process of capturing, distributing, and effectively using knowledge. When an organization is able to easily access, share, and update business knowledge, it can become more productive and cost-efficient. The ability to access the right knowledge at the right time, in least possible time, not only increases productivity, but also enables accurate decision-making, and stimulates collaboration and innovation.
myKase knowledge management portal is a unified digital interface which maximizes the effectiveness of your organization’s collective knowledge and empowers your teams.
Benefits
Build organizations knowledge assets: Create, share, use and manage the knowledge and information assets of your organization.
Increased collaboration: Information and knowledge sharing is enhanced by freeing it from silos like e-mails, network drives, desktops etc.
Prevent ‘knowledge leaks’: Enables systemized aggregation of an outgoing team member’s proprietary knowledge, built through years of experience.
Searchable repository: Each document is systematically docketed which can be located through a convenient title and word search tool.
Ready reference: Each document records the date of file creation and author details which helps in quick referencing, and thus decision making of whether to use the document or not.
Rights Management: Sensitive documents and information can be protected through controlled file sharing and access control.
Knowledge Management leverages maximum value of the data and information created by a law practice, manages the information assets efficiently, and enables easy access and use by the teams.
Integration of legal technology into daily legal practices is now not a sole matter of competition but an operations necessity.