2024 Legal Trends for Mid-Sized Law Firms

With rapid advancements in new systems and technologies over the past year, mid-sized firms have tremendous opportunities for growth and efficiency. To harness these opportunities and remain competitive, however, mid-sized firms will need to overcome the challenges associated with complex and diverse organizational structures.

This report looks at mid-sized law firms across multiple perspectives—including performance trends, strategies for improving payment collections, and attitudes towards artificial intelligence.

LTR Cover MM 2024

In the report

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Industry benchmark data

See how your mid-sized firm stacks up against the competition in billables, collections, and hourly rates.

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Understanding lockup

Shorten the time between work performed and payment received by leveraging our “lockup” metric.

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Getting paid faster

Understand how client preferences and key technologies impact how quickly your mid-sized firm bills and receives payment.

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The rise of AI

Explore the transformative potential of artificial intelligence in the legal profession alongside insights into how lawyers in mid-sized firms (and their clients) perceive these tools.

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Logo Legal Trends Report

The Legal Trends Report provides information on the most important issues faced within the legal profession. By analyzing aggregated and anonymized data from tens of thousands of legal professionals in the US, supported by extensive survey research, the report offers unique insights into law firm efficiencies, hourly rates, and other key metrics for success.