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06 August 2009 / Greg Wildisen
Issue: 7381 / Categories: Features , Profession , Technology
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Clouds on the horizon

Greg Wildisen explains why law firms should embrace cloud technology

One of the phenomena of the technology market in recent years has been the growth of “cloud” computing into a multi-billion pound industry in little more than three years.

Cloud computing has a number of manifestations, but for the purposes of simplification, it is the use, via the internet, of software, processing power or storage provided remotely by another company.

In the consumer field, a clear example is Google Docs, a word processor which people can use to create and store documents online without needing to have the word processor software installed onto their own computers.
For many companies, there is a significant benefit to using this approach.

The main one is that by “renting” software via the cloud, companies have access to up-to-the-minute applications without the capital expenditure or maintenance costs. The cloud also delivers access to additional processing power without the need to buy more hardware, providing the capacity to cope with temporary spikes in demand without having to make

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

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Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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