Important! June 12th, 2024 Webinar Attendees, please click here to complete our Survey or Verification Request Form.

Click Here

Eighty Percent of Law Firms Use Automated Client Billing

Last update

at

by:

by:

Share

Print Friendly, PDF & Email
Some highlights from a Bloomberg Law report.

Eight out of ten law firms use a software program to handle client billing and payments.

A little over sixty percent of them also use a software program to keep track of their time.

That’s according to the 2022 Bloomberg Law Legal Operations and Technology Survey of 190 law firm and in-house attorneys on law office tech usage.

“The largest share of survey respondents (79%) reported using billing tools,” according to this report in Bloomberg Law. “Legal research tools came in second place (70%), followed closely by e-signatures (69%). Timekeeping (63%), cloud storage (62%), records management (59%), and matter management (53%) tools are used by the majority of respondents as well.”

The survey found many law office leaders lacked tech savvy and familiarity at their firms. If left unaddressed, this skill gap will only worsen as legal tech advances.

Below are some highlights from the Bloomberg Law Report.

Do you practice in Wisconsin, Texas, Minnesota, Ohio, Illinois, Indiana or Michigan? Is your professional liability coverage managed through Alta Pro? If so, you’re automatically a member of the Alta Pro Risk Purchasing Group (RPG), which offers a wealth of benefits for your practice: free, cutting-edge CLE webinars featuring top experts tackling timely topics; the Pro Practice Playbook; the Pro Practice Blog; Reminger’s ProLink risk management assistance; Reminger’s Claim Repair Hotline; discounts on CLIO practice management software; tax savings on health insurance; and access to the Risk Pro, who can help keep your firm safe and successful. Register here and start enjoying your Alta Pro RPG benefits.

Top Tech Tools and Blind Spots

The following is from Bloomberg Law:

  • Eighty-six (86) percent of firms say legal tech is used to improve their productivity. In second place; 71 percent specifically cited improvements to workflow, and two-thirds said meeting client or organizational demands improved.
  • “The top barriers to using legal technologies were lack of tech savvy, lack of familiarity, and not enough time to learn the technology. (These three barriers topped the list in survey results from 2021 and 2020 as well.)”
  • When asked if they’ve been adequately trained on the legal technologies they’re using, 53 percent said yes and 47 percent said no. Only 23 percent have seen an increase in the hours of legal tech training offered by their firms over the past 12 months.
  • Nearly 50 percent reported an overall increase in their organization’s technology spend over the past year.

Source: ANALYSIS: Lawyers’ Top Legal Tech Tools—And Biggest Blind Spots (bloomberglaw.com)

Why choose Alta Pro Lawyers Risk Purchasing Group over other legal malpractice programs? Because Alta Pro RPG gives insured law firms exclusive access to valuable practice resources and cost-saving programs. When you join the Alta Pro RPG, you can use our Pro Practice Resource Center, filled with practical pointers and risk management tools to keep your law firm safe and soaring. Plus you get exclusive access to free CLE webinars, like our recent, highly popular program on Basics of Cannabis Law. Also: discounts on office essentials, Ask the Risk Pro, malpractice defense hotline and more. Don’t miss out on these fantastic perks. If you’re already a policyholder with Alta Pro but haven’t yet created your RPG account, here’s how to do it.

Share

Print Friendly, PDF & Email

Related Posts on Altaprorpg.com!

Alta Pro Logo Icon

About the Editorial Staff

In an age of consolidation where increasingly impersonal transactions have made customer service an oxymoron, we bring together independent agents, insurance companies, and other industry specific service providers to develop and deliver insurance products and risk management solutions that benefit our insurance customers.

Join Our Newsletter

Occasional newsletters and CLE invites

Find Us on Social

Upcoming CLE Webinar: Essential Business Skills for Busy Lawyers Part 2 – Build Your Legal Practice Like a Pro

August 28, 2024 1:00 pm EST
CLE Credit: 1.0 Regular

Colleen L. Byers

Colleen Byers Mediation, LLC

Archives

Latest Videos

1 Hour

Essential Business Skills for Busy Lawyers Part 1 – Communicate Like A Pro

1 Hour

Creating an Attorney Compensation Plan That Will Build Firm Culture and Attract Top Talent

1 Hour

Cybersecurity for Attorneys: Employing Competent and Reasonable Safeguards

Need Help?

Visit our Frequently Asked Questions page. 

Or email us directly at info@altaprorpg.com

Or submit your issue in the comment form below and we will respond as soon as possible.