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Chief Technology Officer for Law Firms: Why?
Do law firms need chief technology officers or is this again some new trend that in couple of years will turn out to be completely invaluable and thus redundant? What is the added value that chief technology officers bring to law firms, which often continue to believe in their old business models and refuse to invest into technology? Is there any value? I believe that there is and I believe that only those law firms that understand the scope of the most recent and up and coming technology will be able to reflect on their business models in time.
There are many abbreviations that start with “C”. CEO, CFO, CCO, CIO, CTO and many others. We might understand the abbreviation, but do we understand what this position entails? Chief Technology Officer (CTO) as such does not have a standard definition and CTO’s role will depend greatly on the industry and type of an organisation that he or she represents. Sometimes, position of a CTO can be somehow similar to Chief Information Officer (CIO) of Chief Knowledge Officer (CKO), but usually the CIO is a person responsible for developing a technology strategy, ensures the efficacy of enterprise’s computer and software systems and support the organization’s grander designs. The CTO is more of a visionary and strategy position. The CTO is a person in an organisation, in our case a law firm, who is in charge of technology, which is…
