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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.

President and CoFounder of Law Insider, Preston Clark, announces ClauseFinder to host Bob Ambrogi.

From Law Insider:

We're thrilled to announce ClauseFinder. The world’s largest clause library–right where you need it. 

Draft with Confidence: ClauseFinder structures and ranks millions of clauses from the public domain drafted by some of the largest and most respected law firms in the country. 

Draft with Speed: ClauseFinder integrates with Microsoft Word, eliminating time-consuming platform switching while drafting.

Draft Smarter: AI-powered search and tagging allows your team to find relevant or suggested clauses and integrate them into their documents in seconds. 

Stay in Control: Customize and curate your firm’s search experience by preloading your own standard clauses and fall-back positions. 

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