New Report Synthesizes the Data to Identify Key Legal Tech Trends and Action Items for Solos and Small Firms – LawSites
For solo and small law firms, the current state of legal technology offers both promises and pitfalls. Technology such as generative AI poses traps for the unwary, but for those who understand and embrace technology, there are opportunities to run more profitable and efficient practices, provide better customer experiences, and improve work-life balance.
In light of this state of affairs, a new report out today by the legal technology company Gavel, 2024 Legal Tech Trends Report for Small and Solo Firms, has analyzed available data from multiple sources to identify the key legal tech trends impacting solo and small firms and recommend how they can prepare their practices for continued innovation and change.
While it has become a common marketing tool for legal tech companies to conduct and publish their own “trend” surveys, this one is interesting because, rather than conduct its own survey, Gavel has drawn on data from multiple industry surveys and synthesized the findings. Its sources include Thomson Reuters’ State of US Law Firms Report, Clio’s Legal Trends Report, Wolters Kluwers’ Future Ready Lawyer report, and the American Bar Association’s annual tech report.
It then goes on to offer insights on how solo and small firms can prepare their practices for innovation and change in the face of an environment of rapid change. For each of the five key trends the report identifies, it not only identifies what the data shows and why the trends matter, but it goes on to provide planning worksheets for each.
“Practitioners can fill out these worksheets, which relate to each major trend in the report, which will help them get on a path to develop a plan for their firm,” Dorna Moini, Gavel’s cofounder and CEO, told me.
I will leave it to you to download and read the full report, but the key trends it identifies and discusses are:
“New technology has created conveniences and efficiencies for both clients and attorneys, leading to increased client satisfaction, improved client experience, profitability, and a better work-life for attorneys,” the report says.
For solo and small firms, this is a concise and insightful look at trends they should be aware of and, more to the point, responding to.
Bob is a lawyer, veteran legal journalist, and award-winning blogger and podcaster. In 2011, he was named to the inaugural Fastcase 50, honoring “the law’s smartest, most courageous innovators, techies, visionaries and leaders.” Earlier in his career, he was editor-in-chief of several legal publications, including The National Law Journal, and editorial director of ALM’s Litigation Services Division.
Document Automation and Assembly
Document Automation and Assembly
Document Automation and Assembly
Document Automation and Assembly
Document Automation and Assembly
Document Automation and Assembly
Bob Ambrogi is a lawyer and journalist who has been writing and speaking about legal technology and innovation for more than two decades. He writes the award-winning blog LawSites, is a columnist for Above the Law, hosts the podcast about legal innovation, LawNext, and hosts the weekly legal tech journalists’ roundtable, Legaltech Week.
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ABOUT LAW SITES
LawSites is a blog covering legal technology and innovation. It is written by Robert Ambrogi, a lawyer and journalist who has been writing and speaking about legal technology, legal practice and legal ethics for more than two decades.
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
In light of this state of affairs, a new report out today by the legal technology company Gavel, 2024 Legal Tech Trends Report for Small and Solo Firms, has analyzed available data from multiple sources to identify the key legal tech trends impacting solo and small firms and recommend how they can prepare their practices for continued innovation and change.
While it has become a common marketing tool for legal tech companies to conduct and publish their own “trend” surveys, this one is interesting because, rather than conduct its own survey, Gavel has drawn on data from multiple industry surveys and synthesized the findings. Its sources include Thomson Reuters’ State of US Law Firms Report, Clio’s Legal Trends Report, Wolters Kluwers’ Future Ready Lawyer report, and the American Bar Association’s annual tech report.
It then goes on to offer insights on how solo and small firms can prepare their practices for innovation and change in the face of an environment of rapid change. For each of the five key trends the report identifies, it not only identifies what the data shows and why the trends matter, but it goes on to provide planning worksheets for each.
“Practitioners can fill out these worksheets, which relate to each major trend in the report, which will help them get on a path to develop a plan for their firm,” Dorna Moini, Gavel’s cofounder and CEO, told me.
I will leave it to you to download and read the full report, but the key trends it identifies and discusses are:
“New technology has created conveniences and efficiencies for both clients and attorneys, leading to increased client satisfaction, improved client experience, profitability, and a better work-life for attorneys,” the report says.
For solo and small firms, this is a concise and insightful look at trends they should be aware of and, more to the point, responding to.
Bob is a lawyer, veteran legal journalist, and award-winning blogger and podcaster. In 2011, he was named to the inaugural Fastcase 50, honoring “the law’s smartest, most courageous innovators, techies, visionaries and leaders.” Earlier in his career, he was editor-in-chief of several legal publications, including The National Law Journal, and editorial director of ALM’s Litigation Services Division.
Document Automation and Assembly
Document Automation and Assembly
Document Automation and Assembly
Document Automation and Assembly
Document Automation and Assembly
Document Automation and Assembly
Bob Ambrogi is a lawyer and journalist who has been writing and speaking about legal technology and innovation for more than two decades. He writes the award-winning blog LawSites, is a columnist for Above the Law, hosts the podcast about legal innovation, LawNext, and hosts the weekly legal tech journalists’ roundtable, Legaltech Week.
Receive a weekly digest of all new content.
You have successfully joined our subscriber list.
ABOUT LAW SITES
LawSites is a blog covering legal technology and innovation. It is written by Robert Ambrogi, a lawyer and journalist who has been writing and speaking about legal technology, legal practice and legal ethics for more than two decades.
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
