It’s no secret that solos are facing unique business challenges in adjusting to the pandemic-era practice of law.
A recent study bears that out, revealing that solo practitioners have taken the biggest hit in both revenue and new cases.
The Legal Trends for Solo Law Firms report by Clio reveals that, in the spring and fall of 2020, up to 66% of solos were worried about their legal practice’s success.
Solos saw greater drops in new cases and revenue compared with larger firms, the report said, “indicating that solo lawyers were affected significantly more by the pandemic.”
As detailed at the LawSites blog, the report also looks at how technology has helped to offset these revenue shortfalls:
But even as solos suffered in the early months of the pandemic, those who used certain key technologies were able not only to mitigate that initial impact, but also to accelerate their recovery, resulting in these tech-using solos earning an average of $50,000 more in revenue than other solos.”
Read more below.
Pandemic Hit Solos Most Severely, But Tech Users Fared Better, Clio Study Finds [Lawsites]
Legal Trends for Solo Law Firms [Clio]
Jeremy Barker is the director of content marketing for Breaking Media. Feel free to email him with questions or comments and to connect on LinkedIn.