PracticePanther's Colin Li and Mayowa Oyebadejo summarize the key findings from the company's 2024 Small & Midsized Law Firm Report.

About the Report:

The groundbreaking report presents a comprehensive overview of the evolving market trends shaping the small and midsized law firm landscape and how firms are navigating them to prepare for a successful 2024.

Despite broader economic uncertainties, the report highlights a prevailing optimism among small and midsized law firms. Over 75% of them have increased or maintained their budgets, especially in technology, marketing, and labor costs. We dive into the heavy investments in technology, the challenges presented by the labor market, and the strategies firms are adopting to improve operations, reduce workloads, and enhance profitability.

Tune in to gain a deeper understanding of how legal professionals are leveraging technology to succeed in a rapidly changing market. Visit www.practicepanther.com/law-firm-reports to access the full report.