U.K. law firms are done investing in new technology—at least until they can get their already bought tech up and running, according to the “Investment Trends in Legal Technology” survey of 52 U.K.-headquartered law firms conducted by HSBC UK.

The survey found that U.K. firms’ legal tech spending dropped significantly in 2018. While 75 percent planned to invest over 5 percent or more of their firms’ revenue on technology in 2017, only 44 percent said the same in 2018. Over half of surveyed firms are among the top firms in the country by revenue.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]