The Knowledge – KM for Small Law Firms

Have you ever experienced these issues?
With a file, you have a serious problem, with no apparent solution. You’re sure the solution is known to someone else in the firm, but you don’t know who. Browse this site listing about Law Firm-JacksonWhite Law
You have just finished a tricky document that has taken some time (a contract, a lease, a case statement). You bump into another fee earner on your way home who mentions that they’ve just completed the same tricky paper, and you’re secretly afraid their answer will be better than yours. And how are you going to bill your clients?
For some analysis, you need to study a specific case, but Joe, who you normally phone when lost, has been made redundant and you don’t know where to start.
You are a High Street Managing Partner and you wonder how to distinguish your business and compete with “Tesco Law” in compliance with the Legal Services Act 2007 (LSA).
Information Management (KM) may only be sufficient for Magic Circle, but all law firms are knowledge companies and KM may be the answer the company is looking for. The purpose of this paper is to illustrate what KM is and some of the potential benefits to small and medium-sized enterprises (SMFs) that put KM at the heart of their enterprises.
What is Wisdom? What is Management of Knowledge?
In order to better understand it you can divide “knowledge” in several ways: some scholars even divide it into “data”, “information”, “knowledge and wisdom” Most lawyers, however, understand instinctively what knowledge entails, but in this article two concepts will be used: “explicit knowledge” (objective facts and figures) and “tacit knowledge” (subjective observations and experience), as this article will explain how lawyers in the modern competitive environment can distinguish themselves. The idea of “Knowledge Management” is still open to discussion. IT systems are certainly not KM. It doesn’t have attorneys with competent help. It’s not yet Web 2.0 comprehension and interactive worksites. Magic Circle firms may not have started to systematically build KM programmes until the 1980s, but since lawyering began, lawyers have been doing” KM in practical terms. KM is at the core of law firms in clear terms and is how firms develop, capture, access, apply, analyse and use their employees’ collective expertise to strengthen their companies.