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Business:Entrepreneurship
We take a deep dive into the 2024 Clio Legal Trends Report exploring the trends shaping the future of law firms.
The report focuses on the impact of artificial intelligence (AI), particularly its ability to automate various tasks. It analyzes how AI is transforming the legal profession and its impact on the hourly billing model, shifting towards flat fees and hybrid models.
The report also highlights the importance of client responsiveness and how technology can improve client experiences.
Finally, the report delves into law firm spending habits, showcasing the increasing investment in software and marketing, and their correlation with improved productivity and profitability.
Episode host: Will Palmer
Episode sponsor: Growth Lab
The 2024 Clio Legal Trends Report: https://www.clio.com/resources/legal-trends/2024-report/
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