Navigating the legal horizon with Litera: Trends in AI integration, alternative fee arrangements, and profitability metrics
The legal industry is changing rapidly, driven by digital transformation and new client demands. Our latest survey report offers invaluable insights into the future of the sector, based on responses from over 300 law firm leaders across the US, UK, and Australia.
Download our report to:
- Explore how firms are investing in AI-based solutions to improve their firm’s efficiency profitability and overall value creation
- Discover how client satisfaction is influencing a shift towards Alternative Fee Arrangements (AFAs) and the slow decline of the billable hour
- Learn how firms are strategically adjusting their pricing models, reducing costs, and increasing fees in response to economic turbulence
These discoveries hold significance not only for those at the forefront of technological advancement within law firms but are also indispensable for all legal professionals, including partners, as well as leaders and teams in marketing, finance, and knowledge management.
Litera is the leading provider of workflow, collaboration, and data management solutions for law firms and legal teams globally.