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Clio Identifies Small Efficiencies That Can Add Up Big for Law Firm Revenue

Legal Tech Monitor

Hourly rates for lawyers have increased 28% since 2016 (from $256 to $327), according to the Legal Trends Report. Additionally, legal professionals on average are working over 25% more cases, recording 35% more billable hours, and billing and collecting over two and a half times more than they did in 2016. The reason?

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On Eve of ClioCon, Thoughts On the Legal Tech Industry from CEO Jack Newton

LawSites

Newton attributes the increase in collections to the broader use of electronic payments. At last year’s ClioCon, Clio introduced its own e-payments technology , Clio Payments, which Newton at the time called the most important product release since the company’s debut 13 years earlier. ClioCon Sets Records.

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Highlights from the 2023 Legal Trends for Mid-Sized Law Firms Report

Clio

Since 2016, legal professionals have relied on Clio’s annual Legal Trends Report for an objective, comprehensive analysis of legal industry trends. They are also less likely to use video conferencing, electronic payments , e-signatures , and cloud-based data storage.

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Highlights from the 2023 Legal Trends for Mid-Sized Law Firms Report

Clio

Since 2016, legal professionals have relied on Clio’s annual Legal Trends Report for an objective, comprehensive analysis of legal industry trends. They are also less likely to use video conferencing, electronic payments , e-signatures , and cloud-based data storage.