Remove 2016 Remove Electronic payment Remove Legal tech
article thumbnail

Small Firm Lawyers Are Awash with Optimism about their Practices, Thomson Reuters Survey Finds

LawSites

Some of it is also going to non-legal specific tech, such as websites, hardware, and billing or accounting software. It is interesting that the survey appears not to have asked about electronic payments technology — a technology whose use appears to have soared in recent years, according to other surveys. 2016 Survey.

Lawyer 97
article thumbnail

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

LawSites

Some of what we talked about is under embargo until Monday, when Clio will be announcing new products and releasing its latest Legal Trends Report. But Newton did share some of his thoughts about the state of the legal industry and the legal tech market. State of the Legal Profession. Here is a quick recap.

article thumbnail

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?