U.S. law firms are devoting more of their budgets to technology, investing in practice and financial management systems, network upgrades and other areas, although the activity has been measured, according to legal experts.
About half of the 281 law firms that participated in a 2014 survey by International Legal Technology Association (ILTA) and InsideLegal said they had increased their technology spending budgets that year, six percent more than the year before.
More recently, legal software companies have reported an increase in business from big law firms. Software provider Aderant, for instance, reported adding Holland & Knight, Maynard Cooper & Gale PC and Miller Thomson LLP as clients in recent days.
Peter Zeughauser, a legal consultant with the Zeughauser Group, said that he “can’t think of any major firms that aren’t spending materially more on technology than they did five years ago.” read more here