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Leverage Technology to Drive Profit: Must-Read for Small Law Firms

Posted Dec 11, 2013 2:23 PM CST
By Karl Florida

With clients pressing your income down, and economic changes pushing costs up, how can a small firm grow profitability? Recently the head of Thomson Reuters’ small law firm business, Karl Florida, applied smart business practices to the current small law environment, and concluded that one thing can drive short-term gains and establish long-term stability: technology.

In the Independent Thinking article, How Technology Drives Short- and Long-Term Profitability for Small Law Firms, Florida describes three key types of legal technology that can drive down costs and increase efficiency—i.e. decreasing your expenses—and how to use that time for smart marketing. That increases income.

Decrease expenses and bring in more income: Sounds simple, right? But driving more profitability is tough in practice. Download the free article to read about:

• Three specific software options that can drive efficiency in daily tasks

• Cloud-based technology that can solve for immediate workload and personnel challenges

• How technology use today can drive long-term growth

Download a free copy of How Technology Drives Short- and Long-Term Profitability for Small Law Firms to learn more about smart technology choices that can impact and grow profitability for small firms.

Karl Florida leads Thomson Reuters’ small law firm business, which offers such legal solutions as the WestlawNext small law firm plans, Firm Central cloud-based practice management platform, and FindLaw’s lawyer marketing solutions. He focuses on delivering information and technology solutions that help small law firms grow their practices and enhance their productivity. Karl joined Thomson Reuters in 2005 and has more than 20 years of career experience in the information and technology industries.

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