The Advantages of Electronic Commerce
Electronic commerce is essentially an online marketplace that consists of all the aspects and services of a traditional market, such as: buying, selling, and trading. The electronic commerce emerged out of the information based-age, and has completely revamped the traditional conceptions of the limitations on business. Initially, the concept of outsourcing transformed the material production industry, but it is now extending into all areas of profession including that of the legal field. The following is a list of the potential ways in which electronic commerce can alter the legal field:
- Electronic commerce enables law firms to economically and effectively find and face new markets all over the world. This approach greatly assists law firms to "sell" their services to a global, world wide network. The network also allows customers to "purchase" services offered by law firms from the comfort of their homes or abroad without the need to ever meet an attorney in person.
- With the web-secretarial service, websites can be constantly updated and modified to reach a broader client population. Whether it be adding a language translation function or offering direct online customer services, the web-secretarial service will be constantly ready to assist your needs.
- E-commerce can greatly increase the cooperation between legal fields. It is able to recommend clients to each party as well as create a support system for each party's insufficiencies. Therefore, a service that one law firm is unable to provide can be easily transferred to a partner firm through E-commerce.
- Through E-commerce, law firms can easily promote their products and services to the online market, such as: areas of practice, seminar tapes, legal books, online-consultation services, etc.
- Through E-commerce the direct online consultation between clients and law firm websites provide one of the greatest technological advantages for service related occupations. Clients can ask questions and receive immediate responses right from the web. With such a readily available communication platform, not only is the level of efficiency between current clients made optimal, but it also serves as a great marketing strategy to draw in potential clients.
- The transfer of funds through the use of the internet has increasingly become the preferred means of payment. Whether it be through the services of banks, credit cards, or online payment companies, E-commerce effectively utilizes this efficient way of transferring money and eliminates the need for any other former methods, such as: pay-by-check or money order delivery.
- Having E-commerce on websites enables law firms to provide potential clients with a "searching-for-service" device that better prepares their profiles. This way any clients that are interested in the relevant services that a specific law firm provides, he or she may do an initial search first, and then ask their questions accordingly.