As per American bar association, the rate of lawyers practicing law is lowering compared to 2010. Only 12.4% increase in new lawyers since 2010 to 2019. In the past three years, 3 times the percent of active lawyers grew only 1%. The fluctuations in demand for legal services reduces the law firm’s staff utilization rate. law firms prefer contract lawyers to flex capacity while ad-hoc demands. Legal agencies prefer price reduction from outside counsels in order to cut costs. The most efficient tactic is always enabling your legal firm with technology to ensure agility. This helps to stay in control of your costs.
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