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Our 2022 Legal Trends Report found that the rate of inflation is outpacing the Billable Hour Index. Interestingly, though, when reflecting on revenue in the year ahead, a 2022 State of Small Law Firms Study found that most small firm lawyers had high expectations for their key financial metrics. billion in revenue in 2022.
Firms are investing in comprehensive platforms that can streamline operations across the board, from clientintake to document management. Enhancing client services. The report finds that firms are leaning into technology that allows them to better track billable hours, manage invoicing, and accept electronicpayments.
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