Remove 2024 Remove Bankruptcy Remove Law firm
article thumbnail

The Shape of Things to Come (Our Fearless Prediction)

Colin S. Levy

And if clients refuse to pay for humans to handle routine work, what will that mean to a law firms bottom line? Weve heard all of the fears about GenAIs use in the practice of law. Imagine a world in which a law firm has figured out a way to use GenAI to do simple tasks quickly and well. We dont think so.

article thumbnail

How to Solve Unmet Legal Needs and Restore Public Trust – A Justice Blueprint

Colin S. Levy

Renee Knake Jefferson is the author of the book Law Democratized: A Blueprint for Solving the Justice Crisis (NYU Press 2024) and founder of the Legal Ethics Roundup weekly newsletter. She holds the endowed Doherty Chair in Legal Ethics and is a Professor of Law at the University of Houston. Regulatory Reforms.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Innovation and focus at Filevine’s LEX Summit 2024

Legal Talk Network

Legal Talk Network hosts and listeners had a great time at LEX Summit in Salt Lake City September 8-10, 2024. At the center of the Silicon Slopes region, Filevine has been innovating how law firms can leverage technology, specifically AI, to gain efficiencies in their practice, and improve the client experience.

article thumbnail

Everything You Need to Know About Law Firm Revenue

Clio

It’s also an important metric for law firm owners to track —especially if you want to grow your firm and improve your profitability. But how do you know if your law firm’s revenue is enough to grow and scale your business? And how does your firm’s revenue stack up against the average law firm revenue?

article thumbnail

Lawyer Statistics for Success in 2025

Clio

As of January 1, 2024, there are more than 1.3 Building a strong law firm brand can help you stand out. This figure excludes profits for law firm partners or shareholders. As reported in Clios Legal Trends Report , the average hourly billable rate for lawyers in 2024 was $341.

Lawyer 98
article thumbnail

2024 Report on the State of the US Legal Market – My Four Favorite Charts

Legal Tech Monitor

From : Blog Entry >> Maureen’s Blog Entry The catchy take-away from the Thomson Reuters “ 2024 Report on the State of the US Legal Market ” is that law firm leaders who don’t respond to the shifts in the legal market in the past 15 years may share a destiny with Pan Am.

article thumbnail

Thomson Reuters 2024 Report on the State of the Legal Market — Cloudy With a Chance of Disruption?

Dewey B Strategic

Today, Thomson Reuters, and the Center on Ethics and the Legal Profession at Georgetown Law has released the 2024 Report on the State of the US Legal Market. Law firms continue to inflate the rates balloon and clients wield market power in demanding higher discounts to deflate the increases. The Win-Win 1. Clients Win 2.