Document Management offers an immediate ROI

Law firms sometimes question the benefits of technology spending because they often appear too intangible. But imagine a “technology” that reduces the time your attorneys and staff will spend searching for, reviewing, and evaluating documents in half, at a minimum. Imagine saving, or gaining, as much as over $7000.00 per Attorney per year! Your firm will see an immediate ROI by implementing a Document Management system.

Consider this: Studies show that the average knowledge worker spends 15 minutes to as much as an hour a day looking for lost or misplaced documents and the content contained in those documents. If we assume that the average lawyer works 250 days a year, let’s also project that he or she spends anywhere from 62.5 hours (minimum) to 125 hours (middle road) a year looking for documents. 62.5 hours times a median hourly rate of $250.00 per hour equals approximately $15,625.00 as a minimum monetary cost of looking for and reviewing documents. And that is just the minimum. For EACH Attorney. For many firms that number could be quite low.

Imagine a “technology” that reduces the time you spend searching for documents on your network in half, or to even just fifteen minutes a day. Over the course of a year, that technology could save you $7,000.00. You can see a "return on investment." In fact, if you can successfully implement that technology for under $7,000.00 per user, you pay for the technology in savings in the first year alone.

Document management solutions provide an immediate ROI for Firms that:

• Manage documents through their entire lifecycle; from inception through creation, review, revision, storage, dissemination and if need be, destruction,
• Continually refer to documents stored in many different filing cabinets or archive rooms,
• Frequently have more than 3 people involved in document writing and have difficulties with version control and document access,
• Need a way of sharing and organizing thoughts and tasks around documents without resorting to mass email,
• Have documents monitored/audited/regulated by an external organization, and
• Generate documents that are critical to the operation of your business.

DM News

Worldox wins 2006 Law Technology News Award For Document Management - For the FOURTH Year In A Row!

World Software announces Worldox Web Mobile, enabling users to access their documents from the Blackberry, I-Phone, Palm, and other PDA’s, acting upon them from anywhere in the world at any time.

Worldox Document Management provides email integration with Outlook, where email becomes part of your firm’s unified document management system.