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5 Factors That Impact Law Firms' Downtime Costs
Law firms typically operate on "billable hours," and even a single hour of downtime can be costly for legal professionals. However, a managed service provider (MSP) that offers data backup and disaster recovery (BDR) and business continuity solutions can help a law firm minimize downtime. Here are the details.
2 Min Read
Datto Vice President of Business Development Rob Rae
Law firms typically operate on billable hours, and even a single hour of downtime can be costly for legal professionals.
However, managed service providers (MSPs) that offer data backup and disaster recovery (BDR) and business continuity solutions can help law firms minimize downtime.
MSPs can provide data BDR and business continuity solutions that not only address law firms’ compliance and regulatory issues but also can prevent downtime, according to data BDR software company Datto.
“Law firms are increasingly dependent on electronic assets, which can put them at great risk should they experience downtime,” Datto Vice President of Business Development Rob Rae said in a prepared statement.
Five factors often impact law firms’ downtime costs:
The cost of continuing without data – Can a law firm continue to operate without data? This can be difficult, and in many cases, it could prove to be extremely time-consuming and costly.
The cost of recreating data – A law firm that wants to recreate its lost data could encounter numerous expenses along the way.
The cost of notifying users in the event of a compromise – If a law firm’s client or employee information is compromised, it could be expensive to notify all of the people who may have been affected.
Loss of reputation – A law firm may have built a sterling reputation over the years, but downtime could cause even long-time clients to consider alternatives.
Fees incurred due to a compliance breach – It sometimes can take weeks, months or even years to fully recovery from a compliance breach, and this incident’s costs could hinder a law firm’s growth.
A law firm that leverages data BDR and business continuity solutions can avoid costly downtime and other problems.
MSPs, meanwhile, can offer law firms BDR and business continuity solutions to help them protect their sensitive information against security threats, comply with government regulations and avoid potential lost revenue.
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