A recent Clio Legal Trends Report breaks down where mid-size law firms allocate their budgets:
- Staff salaries: 28%
- Other expenses: 41%
- Rent and office expenses: 11%
- Professional fees: 4%
- Marketing: 5%
- Insurance: 5%
- Software: 2%
Noticeably absent—at least to me—is a dedicated investment in legal publishing—specifically, empowering lawyers to write, reflect, and share their insights