VANCOUVER, BC, Oct.
In 2018, only 23% of consumers were open to working with a lawyer remotely.
In 2018, less than 5% of consumers indicated that video conferencing would be their top choice for communicating with a lawyer at any point in their matter.
Data from the report also shows that firms using technologies that enable more remote interactions with law firms have seen substantial revenue growth in comparison to other firms. The report looked at technology adoption among firms seeing considerable revenue growth in recent years.
Survey data shows that legal professionals are most likely to see legal practice management software as a significant expense .
Simultaneously, when it comes to making legal services more accessible through flexible payment plans, Clio continued to see an increase over the last year.
According to an ABA study, there are 54 counties that don’t have a single lawyer, and another 182 that have only one or two.
Using the aggregated and anonymized data from tens of thousands of legal professionals and surveys from both lawyers and consumers, Clio constructs a holistic picture of the legal industry today, and what the future trends are likely to be.
Clio has become a company to watch on a global scale after securing a US$6M Series B investment in 2012 by German-based Acton Capital, a US$20M Series C investment in 2014 by Bessemer Venture Partners and one of the largest investments in legaltech and Canadian history in 2019 with a US$250M Series D funding round led by TCV and JMI Equity.
The above press release was provided courtesy of PRNewswire.