In a session at the 2014 ABA TECHSHOW, two speakers compared law firm practice management systems in the cloud and on premise. From the speakers’ vantage point, premise-based solutions tend to be more robust, have a greater capacity for customization but generally cost more.
Cloud products, on the other hand, tend to be less expensive because these solutions do not require an upfront investment. In addition, cloud-based solutions are usually sold on a subscription model which provides predictability in budgeting.
Interestingly, in a survey we published earlier this year, about 15% of attorneys said they thought cloud would surpass premise in three years; another 39% said in thee-to-five years, and another 34% said it would take five or more years.
It’s important to note that there are advantages and disadvantages to both categories of software. Usually what works best depends on a law firm’s needs, it’s size and the business case developed for practice management (we’ve developed a 2-minute online quiz to help you figure out which solution is right for you).
Even so, it’s useful to be able to a breakdown of exactly what the benefits and drawbacks of each approach are, which brings us to today’s infographic. We first spotted this one on Pinterest. While the infographic is geared broadly at business software, it is quite applicable to legal software and law firm practice management solutions.
The complete infographic follows below, and here are some additional related blog posts readers might find helpful:
- The Legal Cloud: A Question of Security, Ethics
- 3 Basics for Choosing Law Firm Practice Management Software
- Study: 2014 Shaping Up as Year of the Law
- Starting Story: Tech Tales from a New Law Firm
- Power Interview: Tips and Techniques for Law Firm Billing Software
Infographic: Cloud Software vs. Premise Software
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Infographic: Law Firms are Warming Up to the Cloud