Like a bad Hollywood thriller, law firm technology has a villain that’s all too easy to spot. The economic downturn has – to no one’s surprise – taken a toll on the coffers of law firm information technology departments.
Fully one-third of the 110 major law firms participating in American Lawyer’s 14th annual survey of technology directors reported their capital budgets were down more than 10 percent this year. Staffing levels and salaries have taken hits, and equipment purchases and software upgrades have been put off. None of it is happy news.
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