2023 Legal Trends for Solo Law Firms

Owning and operating a solo practice comes with its own unique challenges. Since client experiences are still fast-evolving, solos need to find new ways to distinguish themselves from larger firms—and to stay at the forefront of innovation.

This report looks at what distinguishes solos across multiple perspectives—including financial performance, personal and professional well-being, and client relationships.

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In the report

Industry benchmark data

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

Flexibility in solo practice

Learn how solos prioritise freedom and flexibility in their day-to-day life.

The risks of overwork

See how—without boundaries on their time—solos may be at risk of poor mental and emotional well-being.

Opportunities for innovation

Learn where most solos have the greatest opportunities to improve their practice.

 

The Legal Trends for Solo Law Firms report features research conducted for the annual Legal Trends Report, which 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.