2016, Electronic payment and Time-tracking

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

Legal Tech Monitor

OCTOBER 30, 2023

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?

Law firm

Law firm Law Law Time-tracking

Highlights from the 2023 Legal Trends Report

Clio

OCTOBER 10, 2023

At the same time, inflation rates have reached their highest levels in decades, putting firms in the tough position of trying to do more with less. For the 2023 Legal Trends Report , we’ve broadened our analyses of business performance to include data as far back as 2016. Legal professionals are also collecting 72% more than in 2016.

Law firm

Law firm Time-tracking Electronic payment Lawyer

Legal Tech Connection

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

Highlights from the 2023 Legal Trends Report

Webinars

Stay Connected