Thomson Reuters' 2019 Law Firm Leaders found that while firms may want to leverage tech to cut costs, they still have a lot of work ahead of them when it comes to actually implementing the right solutions.
October 28, 2019 at 11:30 AM
1 minute read
The original version of this story was published on Legaltech News
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.
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