Diving into Clio’s Legal Trends Report with Josh Lenon
Interpreting legal statistics can be difficult, but knowing these numbers can help propel your business forward, especially when it comes to something as important as revenue.
Josh Lenon is the Lawyer-in-Residence at Clio and is an expert at translating the law to technology and technology to law. He helped Mark and Melanie identify some key components of the report.
Cloud-based law practice management is here to stay.
In a world becoming more digital by the day, lawyers who can work on the go have a distinct advantage over those who haven’t made the digital transition yet. They can send emails from their phones, send business texts, or just work from their phones while waiting in line for something else. It offers flexibility and adds another layer to work-life balance.
Lawyer attrition rates were higher than expected.
In 2022, attorneys seemed to move around more than usual. Almost 20% made some type of employment change. However, there is a natural cycle of movement, and that should be considered when analyzing this particular data point. Still, it could indicate a more significant change in the legal field on the horizon.
If you want to learn more about Clio’s legal trends report, check out https://www.nextlevel.legal/episode/lfn076.