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DIGITAL TRANSFORMATION IN THE LEGAL INDUSTRY
[/vc_column_text][us_separator][vc_column_text]Digital transformation has been discussed in other industries for years, and now, the legal industry is catching up. In fact, studies show that this is the most important function for companies, immediately followed by the search for talent to deliver results for new ways of serving clients. Such a transformation in the legal industry means digitizing all aspects of the legal experience, including service delivery, workflow, processes, team collaboration, and client engagement. The speed and workflow in a traditional law firm may seem daunting compared to the pace and instant gratification that consumers would expect from digital tools in today's world. The legal transformation in Honduras is accompanied and supported by the publication of Decree 33-2020, Section Eight, which indicates that electronic commerce mechanisms and electronic signatures must be implemented to simplify administration. Section A indicates that Articles 7 and 27 of the law on electronic signatures must be amended. "Article 7.- Requirement for an advanced electronic signature." This states that, in order to continue with a digital transformation, the equivalence of effects is granted to the advanced electronic signature in certain cases. “Article 27 – Recognition of Identities, Electronic Signatures, and Foreign Certificates. This document indicates and mentions that both electronic signatures and foreign electronic certificates will be valid, provided they are issued by a reliable and internationally recognized certifying authority. Opening the legal industry to the full spectrum of people, cultures, legal professionals, professional support roles, and technologies will be paramount to its future sustainability. And while the outlook may be promising for most, in practice, the lawyers of the future will work to empower legal machines, much more than today. The winners of this legal evolution are those who find ways to adapt. The positive side of adaptation is that with the support and efficiency of legal technology, lawyers can dedicate more time and energy to higher-value tasks and client service. The transformation has paved the way for widespread technology adoption. The transformation in legal culture will change how legal operations are executed. For example, law firms are currently adopting document automation technology that allows them to streamline critical processes, including document review, document drafting, and form data capture. This is just one example; there are multiple areas of legal culture where law firms can undergo digital transformation. Legal departments and organizations that leverage digital technologies can distinguish themselves from the competitive legal landscape. Technology is transforming the way we interact, creating a modern digital legal workplace. Although many organizations have already implemented technology solutions, more law firms plan to adapt to post-COVID-19 digital transformation to run their business processes seamlessly. Therefore, like other industries, the legal sector is also poised to experience significant digitalization during or after the COVID-19 outbreak. If you wish to contact us through our various social networks or through our emails szelaya@lexincorp.com, we will be able to answer any questions or concerns related to this and other legal issues of interest to you.
