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Highlights From the 2025 Legal Trends for Mid-Sized Law Firms Report

Clio

Since 2016, legal experts have turned to Clios annual Legal Trends Report for a thorough examination of trends in the legal field. Mid-sized firms are investing in software, but lag behind in cloud-based LPM adoption For the average mid-sized law firm, staff salaries are the largest expense, making up 41% of total costs.

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Immigration Software Docketwise Adds Native E-Signature Functionality

LawSites

Docketwise says it is now the only legal immigration software platform that has e-signature technology natively within its platform, as opposed to integrating with a third-party signature technology. Founded in 2016, Docketwise was acquired by MyCase in May. More about Docketwise on the LawNext Legal Technology Directory.

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

LawSites

Most often to case management software, billing and invoicing software, and practice management software. Some of it is also going to non-legal specific tech, such as websites, hardware, and billing or accounting software. 2016 Survey. Where are those tech dollars going? 2017 Survey.

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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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Paradigm Acquires TrustBooks, Adding Accounting to its Suite of Practice Management Products

LawSites

Paradigm , the parent company to four legal practice management and payments products — PracticePanther , Bill4Time , MerusCase and Headnote — today adds a fifth, as it acquires TrustBooks , the cloud-based accounting software built specifically for law firms. “We also wanted a team that shared our culture.

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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. Only 27% of mid-sized law firms reported using cloud-based legal practice management (LPM) software (compared to 73% of smaller firms surveyed). Where does the data come from?

article thumbnail

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. Only 27% of mid-sized law firms reported using cloud-based legal practice management (LPM) software (compared to 73% of smaller firms surveyed). Where does the data come from?