Follow Us

Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Law Firm Marketing and Business Development Legal Operations Technology Media and Telecom

Shrinking Demand? Top 7 Reasons Firms Are Leveraging Experience Data

While the competition for outside legal services has never been more intense, the strategic approach firms take — including a strategic approach to technology — will define whether the market pressures are a threat or opportunity.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The competition for outside legal services has never been more intense. 50% of buyers have adjusted their law firms in the last 12 months, and that will continue through 2023. See, 2023 Thomson Reuters State of the Legal Industry. Shrinking demand translated into a productivity loss totaling, on average, a $98,000 loss in fees per lawyer as compared to a similar lawyer in 2007.

To continue reading,
become a free ALM digital reader

Benefits include:

*May exclude premium content

Read These Next