40%
of legal department time spent on administrative tasks that could be automated
Not legal work. Administrative work. Document management, time tracking, billing reconciliation — tasks that technology should handle.
Source: McKinsey Legal Operations Report
$300B
global legal services market — with most firms operating on technology a decade behind the revenue they generate
The legal industry generates hundreds of billions annually while running on practice management software that has not fundamentally changed since the 2000s.
Source: Legal Industry Research
23%
of law firm revenue lost to billing inefficiencies, write-offs, and uncaptured time
Lawyers who do not record time do not bill time. Systems that make time recording difficult guarantee revenue loss.
Source: Thomson Reuters Law Firm Profitability Report