Blue Hill in the News: Updating Law Firms' Tech Yields Value

CaliforniaLawyerLogoThe rise of subscription software (also called “software as a service,” or SaaS) has revolutionized small law firms’ access to powerful practice management applications that once were affordable only for much larger firms with deeper resources.

… David Houlihan, principal analyst with Blue Hill Research in Boston, estimates that adopting state-of-the-art practice management applications saves 48 to 96 hours per year per attorney. Of the firms he studied for a recent report, the smallest one converted nearly all of that saved time into billable hours. Houlihan calculates the likely annual return (increased revenue minus software subscription fees) between $2,264 and $21,895 per attorney, based on a national average billing rate of $234 per hour.

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About David Houlihan, Esq.

David Houlihan researches enterprise risk management, compliance and policy management, and legal technology. He is an experienced advisor in legal and technology fields with a unique understanding of complex information environments and business legal needs.
Posted on August 5, 2015 by David Houlihan, Esq.