This statistic depicts the factors considered important to the firm's success by law firms in the United States in 2018. During the survey, 84 percent of respondents agreed that increasing firm revenue was important to their firm's success.
Factors considered important to the firm's success by law firms in the United States in 2018
Characteristic
Share of respondents
Increasing firm revenue
84%
Improving efficiency of firm operations
80%
Hiring more staff
77%
Improving client care and satisfaction
75%
Achieving better work-life balance
59%
Reducing nonreimbursable expenses
58%
Earning more high-profile cases
57%
Getting more data insights and setting up better reporting
43%
Being one of the most well-known firms in my practice area
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Clio. (October 5, 2018). Factors considered important to the firm's success by law firms in the United States in 2018 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/940956/how-law-firms-define-success-united-states/
Clio. "Factors considered important to the firm's success by law firms in the United States in 2018." Chart. October 5, 2018. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/940956/how-law-firms-define-success-united-states/
Clio. (2018). Factors considered important to the firm's success by law firms in the United States in 2018. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/940956/how-law-firms-define-success-united-states/
Clio. "Factors Considered Important to The Firm's Success by Law Firms in The United States in 2018." Statista, Statista Inc., 5 Oct 2018, https://www.statista.com/statistics/940956/how-law-firms-define-success-united-states/
Clio, Factors considered important to the firm's success by law firms in the United States in 2018 Statista, https://www.statista.com/statistics/940956/how-law-firms-define-success-united-states/ (last visited November 21, 2024)
Factors considered important to the firm's success by law firms in the United States in 2018 [Graph], Clio, October 5, 2018. [Online]. Available: https://www.statista.com/statistics/940956/how-law-firms-define-success-united-states/
