Many factors are currently affecting the profitability of law firms, including client requests for fixed fees, the rising cost of talent, and a fluctuating demand for services. Firms understand the importance of keeping their technology up to date, but want to be sure they'll receive a measurable return on any investment they make.
Legal practitioners are constantly under pressure to do more in less time. They need to reduce the burden of non-billable tasks and meet client deadlines quickly in order to meet set targets. This balancing act requires streamlined technology that improves both speed and efficiency, so fee earners can focus on higher value work.
Modern, digitally aware legal consumers are happy to shop around for a firm that meets their requirements. Today, legal service providers need technologies that enable collaborative working, and quick responses, in order to meet client expectations.
The 24-7 economy is now a reality and busy legal practitioners require fast, flexible access to information and documents whether they are in the office, at home or on the move.
state business growth
as the priority for the year
of firms saw limitations
with current technology
of firms are keen to
adopt new technology
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