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Key insights from the
2022 Legal Trends Report
Data-driven insights from the
2022 Legal Trends Report
Colin Bohanna
General Manager, Clio
Colin.Bohanna@clio.com
Joshua Lenon
Lawyer in Residence, Clio
Joshua.Lenon@clio.com
Agenda
• Introduction to the Legal Trends Report
• 2022ʼs Key Metrics from the Legal Trends Report
• Whoʼs Winning the New Work Era?
• Takeaways
• Questions
Housekeeping
• Session length: 30 minutes
• Recorded and available on-demand
• Use to engage with fellow webinar attendees and
select “everyone” in the dropdown.
• Use to ask questions directly to panellists
•
Introduction to the
2022 Legal Trends Report
Our seventh annual edition
Download the 2022
Legal Trends Report
clio.com/LTR
Data Sources
Clio App Data
Aggregated and anonymized data from
tens of thousands of legal professionals
in the United States.
Legal Professional and
Consumer Surveys
We surveyed 1,134 legal professionals and
1,168 consumers in April and May 2022.
458 service professionals in accounting,
consulting, and investment and financial
services were surveyed for comparison data.
Location Data
This yearʼs report utilizes aggregated and
anonymized IP address data to analyze where
lawyers are working from and how this has
changed over time.
2022 Key Metrics
45
%
36%
35%
20%
Utilisation
rate
Number of billable
hours worked
Number of
hours in a day
33%
Realisation
rate
Number of billable
hours invoiced
84%
Number of billable
hours worked
Collection
rate
Number of hours
collected upon
89%
Number of billable
hours invoiced
÷ =
÷ =
÷ =
Law firm key performance indicators (KPIs)
Insight from the 2021
Legal Trends Report
Who’s Winning the
New Work Era?
of lawyers left a job
in the past 12 months.
19% 9%
of lawyers plan to leave
a job in the next 6 months.
of lawyers say they work
over 40 hours per week.
59%
of lawyers want to
choose which hours
of the day they work.
76%
of lawyers prefer
working from home.
49%
Only-Office Mostly-Office
Mostly-Digital
Hybrid
Early Market Mainstream Market
Innovators
2.5%
Early
Adopters
13.5%
Early Majority
34%
Late Majority
34%
Laggards
16%
Tech
Enthusiasts
Visionaries
Pragmatists Conservatives
Skeptics
The Chasm
Source: Crossing the Chasm
How technology spreads through markets
Innovators
2.5%
Early Adopters
13.5%
Early Majority
34%
Late Majority
34%
Laggards
16%
0
25
50
75
100
Market
share
%
Early Adopters Control The Market
of consumers said
working remotely with
a lawyer is a key factor
in hiring a firm.
79%
Insight from the 2021
Legal Trends Report
of lawyers prefer meeting
their colleagues virtually
39% 45%
of lawyers prefer meeting
clients virtually
Takeaways
Lawyers can handle
increased demand
Work-life balance is the goal;
work-life blend is the method
Law firms are not a location
but a state of mind
Law firms that are cloud-first
will attract & retain talent
Cloud-first legal services
are winning
Insights from the 2022 Legal Trends Report - Slides.pdf

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