Iberian Firms Upping Spend On Data Analytics To Help Boost Profits

Most lawyers in Spain and Portugal believe that greater use of data analytics will improve cost management and client retention, though survey indicates the subject is the cause of tension within firms

Law firms in Spain and Portugal are upping their investment in data analytics as partners become increasingly aware of how the more effective use of data makes firms more profitable and better able to manage costs, while also improving client retention.
New research conducted by Iberian Lawyer indicates that half of all law firms in Iberia will be investing more money in data analytics in the next 12 months. A total of 49 per cent of lawyers who responded to our survey said their firm would be increasing its spending in this area in the coming year.