Credit: mavoimages/Adobe Stock Productivity Continues to Climb as Lawyers Working and Billing More
The 2023 Legal Trends report from Clio, a cloud-based legal technology provider, finds legal professionals are 75% more productive than in 2016, when the Canadian company started analyzing data from its customers.
October 11, 2023 at 10:20 AM
3 minute read
Legal professionals are bringing in nearly 75% more revenue than they did in 2016, adjusted for billing rate increases, in a "staggering increase in workplace productivity," cloud-based legal technology provider Clio found in its 2023 Legal Trends report.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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