1.9 billed hours per lawyer per day or a utilisation rate of only 25% is a figure taken from the 2018 Legal Trends Report. And while most law firms see increasing the firm’s revenue and growing the client base among their top priorities, very few show interest in increasing efficiency.
And they should. In contrast to law firms, IT consulting firms have much higher utilisation rates, varying between 65 and 85%. Surely IT consulting is another business, but both kinds of firms deal in professional services, so is there a way to increase efficiency at law firms? Let’s try to find out.
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