During tough economic conditions investment in technology often dries up. As firms look to protect their cash reserves and in some cases cut costs, it is often the essential ongoing investment in items that drive businesses forward that are sacrificed. Anything that is viewed as a capital expenditure item is very much at risk of being shelved; particularly project related spends that are not regular tenants on budget request forms. Investment in specialist legal software often falls into both the ‘cap ex’ pot and the ‘one-off project’ pot and is therefore at high risk of being ignored.

History tells us that companies that continue to invest in their businesses during recessions regularly experience rapid growth once economic conditions show signs of improvement. Sir Terry Leahy, Tesco’s CEO recently stated, “This is actually a very good time to be expanding because expansion costs less during a recession.... We are building a platform for growth that will last for decades.” The same forward thinking strategy pays dividends for law firms.

Pilgrim Systems and Syscap Professions have worked together to create a collection of financial products that allow confident, progressive law firms to continue to invest in software that improves profitability, cash collection and efficiency throughout a law firm’s entire operation. Firms can now invest in LawSoft in a number of ways: -

• Pay a monthly amount per user that includes the software, services and annual support
• Spreads the cost of the investment over 3 to 5 years
• Only start paying on live operation of the system
• Defer payments for 12 months

 All of these options allow firms to preserve cash reserves whilst building for the future.