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Technology Stocks : DOCS - A TURNAROUND PLAY -- Ignore unavailable to you. Want to Upgrade?

To: sand wedge who wrote (424)	6/3/1998 11:34:00 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 1156

Sand Wedge, I think you are correct in mid (50 lawyers) and large (100 and up) size firms. Their financial management requirements outgrow manual systems. Of course there is no rule to this. I know some large firms that do not implement time billing on an individual basis even through the software allows it - they fill out time sheets and do it semi-automatically. As with anything, some firms get it, some do not. My comments were generally directed at small firms. Few have technology vision. Witness a bunch of (all different) clone PC's of various quality, and the resulting management nightmare, that you see in <20 lawyer offices. In my experience, generally speaking, smaller offices do not spend much on technology. It appears that partnerships have a hard time equating investment in these areas with bottomline return. If they believe that the technology has a bottomline return then they will invest because its money in the parters pockets. One of my comments was directed at this point exactly. If DOCSF can come up with a truly compelling and believable business benefit pitch, they could have a good thing on their hands. Your milage may vary - perhaps Canadian firms are slower to move on technology. But there is a reason why legal isn't tops on our list of places to play...