FINANCIAL MANAGEMENT
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2016 Tech Purchasing Survey Highlights
by JoAnna Forshee of InsideLegal
2016 Tech Purchasing Survey
Highlights
This year's edition of the ILTA/InsideLegal Technology
Purchasing Survey marks the eleventh year of InsideLegal's survey
of ILTA law firm members' technology spending and purchasing
paerns. The survey, which is distributed to all ILTA member law firms,
includes detailed technology budget data; updated information on
firms' purchasing influences and paerns; legal IT department trends
and challenges; and expansive sections on specific legal technology
purchases –– both last year's and those planned for the upcoming year.
Here's a recap of key findings:
Budgets: Not Bulging, but Better
» 53% of all respondents cited increased budgets, up 12% from 2015
» 39% of small firms (1-49 ays), 38% of medium firms (50-199 ays)
and 23% of large firms (200+ ays) represent the increase
» 60% spend 1-3.99% of total firm revenue on technology
» 24% spend 4-5.99% of total firm revenue on technology
» 22% spend $5,001-$8,000 per aorney on technology, followed by
20% who indicated spending $8,001-$11,000
Purchasing: Back to the Basics, Flash Forward
» The top five technology purchases included desktop hardware/
PCs (61%); laptops/notebooks (59%); network upgrades/servers
(53%); printers/multifunctional devices (44%); and antivirus/
antispam/spyware soware (44%)
The entire 2016 survey report can be downloaded at www.insidelegal.com.
