Robert Ambrogi: “A survey released yesterday on the business of law and legal technology finds that competition for legal services remains high, demand remains relatively flat, and law firms are feeling pressure to lower prices and enhance operational efficiency. But what caught my eye in the survey was the question, “Which technologies provide law firms with the greatest overall effectiveness?” The 2017 Aderant Business of Law and Legal Technology Survey, conducted by Aderant, a provider of business management software for lawyers, surveyed 112 respondents in U.S. firms, most of whom are in financial, accounting or C-suite roles. Most of the respondents said that the performance of their firm this year is about the same as last year, and that the top challenges they face are:
- Pricing pressure.
- Improving operational efficiency.
- Winning new business.
- Growing more business from existing customers.
- Improving law firm agility and adaptability…”