Notables and Quotables in 2012
• Overall firm technology spending – as a percentage of firm revenue and based on per attorney spend – is still down from pre-2009 economic downturn.
• 63% of all responding firms spend between 2-4% of total firm revenue on technology indicating a new tech budget ‘normal’.
• The ‘sweet spot’ for per attorney technology spend, $8K-$17K, accounts for 46% of all responses. Firms spending $26K or more per attorney are up to 9%.
• 52% cited increased technology budgets in 2012, up 2% from 2011.