Many large firms have been slow to invest in legal software, which helps streamline and expedite case work, because individual programs can be both expensive and too field-specific for generalist practices.
Boutiques, however, which concentrate on only a few legal aspects, can justify investment in a handful of such programs because they are more likely to use them repeatedly. This has allowed the boutiques to become far more efficient in their chosen fields than their larger rivals, according to Barron Henley, a legal technologist with Affinity Consulting Group in Columbus.
This efficiency is translating into increased earnings, as many boutiques have abandoned hourly rates, for flat rates, which encourage faster case completions. Large firms have been slow to make this transition because they are more bureaucratic and cumbersome than the tiny upstarts, ... .
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