24: Surprising Takeaways from Clio's Legal Trends Report
- Author
- Lauren Lester
- Published
- Tue 24 Oct 2023
- Episode Link
- https://adifferentpractice.substack.com/p/24-surprising-takeaways-from-clios-24e
We're diving into the 2023 Clio Legal Trends Report! Looking at the latest data on billable rates, utilization rates, and more, we uncover opportunities for growth and improvement in law firms today.
Key takeaways:
- Lawyers are working harder for less - billable hours are up 25% but revenue is stagnant at an average of only 2 hours a day
- There's a disconnect between what lawyers think about billing and payments versus what clients are saying
- The data doesn't lie: the traditional law firm model focused on billable hours isn't working anymore for lawyers or clients
See why we believe the data shows that lawyers need to move away from antiquated approaches and find new ways to structure and run their firms. A huge opportunity exists for those willing to make a change.
If you feel stuck on the billable hour treadmill and are ready for a new model, join us in our new Law Firm Growth Mastermind in 2024. Learn exactly how to earn more while working less. Seats are limited - sign up today at adifferentpractice.com/mastermind.
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