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The new Law Firm Leaders report released today by Thomson Reuters indicates that many firms are looking to boost profitability by improving budgeting and cost management around client matters. However, it seems as if the technological infrastructure needed to support those endeavors is not yet fully in place.

Compiled from responses by 75 law firm leaders working at U.S. firms with at least 50 lawyers or more, the report found that 91% of respondents expected to use technology to cut costs.

Bill Josten, strategic content manager for the Thomson Reuters Legal Executive Institute, thinks law firms may be attempting to take a more proactive approach to the next inevitable economic downturn.

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Frank Ready

Frank Ready is a reporter on the tech desk at ALM Media. He can be reached at [email protected]

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