2023 State of U.S. Small Law Firms Report
A year of change
In the 2023 State of U.S. Small Law Firms Report, today’s small law firm leaders show optimism about their practices’ future prospects but recognize that substantial challenges remain ahead of them. In addition to the perennial difficulties around developing new client business and the increasing administrative burdens of running a practice, worries like cost control and expense growth are also steadily on the rise. The report examines these realities as well as some of the strategies firms are employing to confront them.
In this report, you’ll learn:
- The strategic steps firms are taking to improve efficiency and reduce costs
- How firms view the growing potential of generative AI – both its potential benefits and downsides
- Why lawyers are anticipating growth in key practices as well as their profits in the coming years
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