Despite the advancements of legal collaboration technology, and the cost-management demands of the modern economy, only a minority of law firms have adopted collaboration tools to foster efficiency within their legal projects, according to the 2016 Law Firm Benchmarking Report, conducted by Exterro.
The report, which surveyed 112 employees of U.S. law firms that held titles ranging from partner and shareholder to discovery manager and paralegal, found that most clients are demanding more value for their fees. Almost 80 percent of respondents noted that their clients expected more work and services for lower fees, while slightly over half (54 percent) of their clients have started to handle more legal work in-house.
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