Key Takeaways from ILTA 2014

ILTA’s 37th Annual Conference in Nashville was a whirlwind. With the theme of “Imagine” and an eye towards the future of legal technology, the conference had an optimistic undercurrent. But here was a decidedly more urgent sentiment in the air: firms need to innovate with technology as they can no longer afford to ignore their IT limitations. In the kick-off keynote, Peter Diamandis gave a rallying cry for innovation, saying that in our world of constant, and increasingly quicker change, you must be willing to disrupt your company (or product, or process), or someone else will. 

Read more about Diamandis’ keynote.

Two key findings from the 2014 ILTA/InsideLegal Technology Purchasing Survey, released at the conference:

• Technology budgets increased 6% over 2013, with 49% of all responding firms indicated that their technology budgets increased in 2014.

• When asked what IT challenges their firms are facing, email management tops the list followed by cloud-related security risks and risk management and compliance.

Read InsideLegal’s 2014 survey here.

At Onit, the above statistics are – excuse the Nashville-themed pun – music to our ears. We are encouraged that law firms are increasing their commitment to investing in smart technology solutions. We are also encouraged by our conversations with conference attendees, who overwhelmingly told us that their firms are more open than ever to exploring the connection between technology and the impact it can have on their business.

We also heard rumblings about enterprise software solutions and the inherent end-of-life problems that go along with that investment. At Onit we believe there is an urgent need to fill in the gaps of existing software, which necessitates the need for adaptable, quickly deployed Smart Process Apps.

ILTA may be over, but Onit Smart Process Apps are here to help you solve your most pressing IT and process challenges. Contact us to learn more about our AFA and Collaborative Budgeting Apps or download the eBook, Smart Process Apps: Adding “Engagement” to Systems of Record, to learn more.

Did you miss the conference? We’ve compiled a few links to various ILTA recaps and conference news:

Does ILTA 2014 Offer Indicators of a Shift to Strategic Law Firm IT?

ILTA Marks Debut of CTRL: The Coalition of Technology Resources for Lawyers

The Post #ILTA14 Guide to Stats, Facts, Quotes and Quips

ILTA Keynote Summary: Disruptive Technologies and Abundance

Stealth Disruption in Law Firms

ILTA Exhibits Got Rhythm in Nashville