2024 Legal Trends for Solo and Small Law Firms

Solo lawyers and small firms offer personalised services with lean operations but juggle efficiency with client demands and limited support. This report explores their distinctive challenges and triumphs, examining financials, productivity, and client expectations, including online payments, to guide these firms towards effective solutions.

2024 Solo LTR Cover

In the report

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Industry benchmark data

See how your 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 solo and small firms bill and receive payment.

The rise of AI

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

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The Legal Trends for Mid-Sized 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 analysing 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, attitudes towards technology, and other key metrics for success.

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