|By Business Wire||
|November 30, 2016 09:08 AM EST|
Novitex, the leading North American professional services company in the document outsourcing industry, and the Association of Legal Administrators (ALA), the undisputed leader in the business of law and practice management, today announced the publication of a joint research study, “2016 Report on Trends Impacting the Legal Industry.”
Based on responses from Novitex’s Am Law 200 client base and ALA’s 9,000 member base, this comprehensive report delivers insight into the factors that are influencing the business of leading law firms and how leaders are navigating the new realities of the post-recession market.
Information security emerged as a business imperative. Respondents rank it a distant fourth as a top concern, following increasing net profits, attracting new clients and growing revenues. Approximately 10 percent report not allocating any dollars to cybersecurity, while only 2 percent of respondents say their firm spends a “great deal” on information security.
“Law firms hold sensitive data for a wide-range of clients, making them prime targets for hackers,” Irina Novoselsky, President of Novitex, said. "It is instrumental that firms have a comprehensive information security program in place. This should also incorporate third party vendors to mitigate risk and strengthen the firm’s overall security posture.”
About Novitex: Novitex is a technology-based, managed services provider that offers a range of mail, print, communications and back office solutions. With a suite of offerings, Novitex manages and connects a document’s full life cycle, breaking down operational silos to create more efficient, cost-effective workflows. For nearly 30 years, Fortune 500, Am Law 200 and federal clients have depended on Novitex to manage their business processes. Today, we support more than 400 clients across North America with our tech-driven, end-to-end solutions and more than 8,000 employees. Novitex was formed in 2013 following an acquisition by funds affiliated with Apollo Global Management (APO). For more information, visit Novitex.com.
About ALA: The Association of Legal Administrators is the undisputed leader in the business of law and law practice management. ALA provides members with advice, resources, expert guidance and connections for all aspects of legal management, from the ALA Annual Conference & Expo and Legal Management Webinars to the Certified Legal Manager Program, Job Bank and industry-leading publications.
Dec. 5, 2016 07:15 PM EST Reads: 2,045
Dec. 5, 2016 07:15 PM EST Reads: 5,025
Dec. 5, 2016 07:15 PM EST Reads: 342
Dec. 5, 2016 07:00 PM EST Reads: 1,799
Dec. 5, 2016 07:00 PM EST Reads: 1,832
Dec. 5, 2016 06:15 PM EST Reads: 1,545
Dec. 5, 2016 05:45 PM EST Reads: 1,586
Dec. 5, 2016 05:15 PM EST Reads: 1,682
Dec. 5, 2016 04:30 PM EST Reads: 2,048
Dec. 5, 2016 04:30 PM EST Reads: 870
Dec. 5, 2016 04:15 PM EST Reads: 856
Dec. 5, 2016 04:00 PM EST Reads: 2,550
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 5, 2016 03:45 PM EST Reads: 4,243
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 5, 2016 03:45 PM EST Reads: 331
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Dec. 5, 2016 02:45 PM EST Reads: 3,278