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General Legal IT, Uncategorized

NetDocuments Secures $25 Million to Fuel Growth in the Document Management Market

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So today NetDocuments announce a “strategic partnership with Frontier Capital, securing a $25 million equity investment to accelerate NetDocuments’ increasing growth across the legal market”. Interesting move from both sides, a private equity firm willing to invest heavily in Legal IT and a big investment for NetDocuments to use pushing their product forward. I understand it will be a push on the marketing and sales rather than the technology side. I guess they feel the technology is at a mature state that is ready for a big push.

As the press release says:

“This investment represents Frontier Capital’s confidence in the market and NetDocuments’ ability to accelerate the growth across the legal industry.  The boost in capital will build on a successful sales and marketing strategy that will continue to penetrate NetDocuments’ core market and exploit the robust features of a true SaaS document management service.”

I think it’s actually an exciting time for the bread and butter technology for Legal IT. Here we have NetDocuments looking to move documents into the cloud, we also have Microsoft looking to moving email and lync into the cloud with their Office365 offerings and Mimecast wanting to look after law firms vast email archives in the cloud. These are systems that don’t offer strategic value as they’re common to all firms, but they are absolutely critical services. These SaaS solutions could turn them into utility services allowing hard pressed Legal IT depts. to focus on that game changing disruptive technology that we’ve talked about.

But there is just that pesky word “risk” that comes into play. We’re edging closer but unlike the corporate world we’re not taking the plunge just yet. True, we are custodians of client data and not just users of our own data. But as law firms clients move their own data into the cloud surely the demands from clients for data control will change?

So, if you were a betting man would you bet law firms will take the plunge to an Office365 or NetDocuments? A top 10 firm in less than 2 years? 5 years? Why not take a vote on the poll on the right hand site of this page (won’t be available if you’re on the mobile site).

I put £10 in Bet Victor for the World Cup and had a few 50p’s on various matches. My balance after the final stood at £1.68, clearly I am not a betting man! But I do have a feeling that in the DMS world we could we be in for a bit of a replay of the early 2000’s DMS battles (word of caution before you all log onto Bet365, we all thought this of SharePoint a few years back!). We could do with a bit of competition, the last battle drove some real innovation in the DMS world that led to a shift from profiling to a much more user friendly matter centric DMS with DM5 & Worksite 8.

As Alvin Tedjamulia, CTO, NetDocuments said in the press release:

“We’ve seen the document management industry go through dramatic changes over the last decade and a half, and we’ve been fortunate to be at the forefront with technology that is truly challenging the status quo.”

With some developments HP iManage Worksite have on their roadmap we could be seeing the start of an innovation acceleration in DMS, picking up from my last post, maybe one that will shift us to the “third platform” in this core Legal IT technology.

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General Legal IT

It’s touch friendly MS Office first for the iPad and now an Android phone from Microsoft?

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Much has been made on numerous tech sites of the alleged Microsoft decision to release the touch friendly version of Office dubbed “Gemini” first on the iPad rather than on their own Windows 8 tablets. The angle a lot of the articles have taken is that this somehow highlights a huge vote of no confidence in Windows 8 and that even Microsoft favour the iPad over their Surface and Windows 8 tablet devices.

I don’t think this is the case, my feeling is Microsoft realise that their long game is to get us all hooked into their cloud based Office365 environment. After all in terms of long term revenue streams, that is where they will make the money over time. But couldn’t they still do this by launching on the iPad after the Surface? Well yes, but the early adopters of the Surface devices will already be running Office2013 which when combined with keyboard covers mean the device is already ahead of the iPad for document production and spreadsheet editing. So it does make sense to target the iPad contingent initially and pull them into the Office365 eco system.

Then this Monday (23/02/14) the same type of lazy reporting comes out of the Mobile World Congress. Headlines scream Nokia are going Android, but what they’re doing is launching a forked version of Android on some cheap handsets for emerging markets, they won’t hook into Google Play at all and will have their own app store. Again they’re designed to bring people into the Microsoft ecosystem with OneDrive, Skype, HERE maps etc integrated and a very Nokia Lumia (Windows Phone) UI on top. Still, I’m actually more convinced on the Office play than this one, although I can see where they’re coming from in terms of the ecosystem I struggle to see how the Nokia X can be that much cheaper for emerging markets than say the Lumia 520. Especially when you consider the loosening of the hardware restrictions this week for Windows Phone.

But what this does all show is that it’s not about just products anymore, it’s all about the ecosystem. Apple understood this first and tied up a good chunk of the consumer market, Microsoft is aiming to do the same in the corporate space with Office365 and Azure. Throwing a line to the huge iPad user community with Office Gemini or leveraging an Android development team for cheap entry phones is just a long game play for Microsoft.

The question to Legal IT vendors is how are you going to plumb into these ecosystems? If you’re coming along to LawTech Futures 2014 in March I’ll expand on this topic and question a bit more in my talk (straight after lunch on the Lounge Stage).

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General Legal IT

Microsoft have their (new) head in the cloud – Office365

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Microsoft’s Office365 platform has had me thinking about cloud access over the past few months. The big stories that started me on this were when British Airways and Iberia parent company International Airlines Group decided to migrate its 58,000 employees onto the platform and also IKEAs decision to utilise Yammer as a collaborative intranet platform for its  employees in over 25 countries.

Then to top it off this week, Microsoft bet the company on cloud with its appointment of Satya Nadella as their new CEO.

For those unfamiliar with the business offering of Office365 (as appose to the same named consumer offering of 5 copies of Office for the family) it allows firms to let Microsoft run an Exchange email, SharePoint intranet, website and Lync messaging infrastructure in the cloud, all managed by Microsoft. Setup is simply choosing your plan based on numbers in the firm and then some fairly simple admin.

I already know of one UK law firm that is utilising Yammer as an intranet platform, but unfortunately they made the decision to forbid discussion of client or matter information, so you have to wonder of its usefulness to the firm. The issue everybody has is the worry of “security”, that someway if the data is on your own server things feel so much more secure. However as one tweet from #LTNY (Legal Tech New York) this week highlighted:

“The question is not whether cloud is secure, it is whether it is more secure than what you do today? Most breaches actually happen on premise“

Also another “security story” caught my eye this week. It was how the owner of a coveted one character twitter username lost this name to a “hacker”. The thing is it transpired that the loophole wasn’t any IT system, in fact the twitter security held up against the initial attacks (further details here and here). The cog in the machine that let him down was an employee! You can play this entire story through and realise that using the same social engineering techniques could easily have worked against the data being held “inside a law firm” as to in the cloud.

I am sure that it is only a matter of time before law firms start to switch to services like Office365 and legal vendors like NetDocuments in a big way. I think unfortunately we rely too much on technology to protect us, whether its on our home PCs virus checker or our corporate firewalls, when the weakest link is probably the person sat in front of the PC. Of course its harder to sell education and changes of behaviour, but maybe government initiatives like the current “Cyber Streetwise education campaign” will start the ball rolling that can then roll into initiatives within firms.

You can’t help think that these technologies are now the utilities of firms, like electricity, essential technology but give no business advantage to the firm. So those early cloud adopter firms could free their IT people to focus on the technologies that give their firms an advantage in a competitive legal market. Or the cynic may say they would just reduce their staff and news from #LTNY could make cynics of all of us!

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