U.S. law firms plan to spend more on IT in 2010
A new study from CompTIA indicates that U.S. law firms are looking to increase their IT spending in 2010.
Law firms in the United States have an estimated $300 billion in annual revenue, making it one of the few industries that have prospered during the poor economic climate.
Seventy-three percent of law firms said their top business priority was to enable their business to grow, with 50 percent of respondents said they want to explore new revenue opportunities and new markets to target.
Survey respondents said they will focus their 2010 IT spending on adding electronic devices, which may include notebook PCs, smartphones and
business projectors.
“Given the still fragile economy, positive purchase intent rates should be viewed favorably by technology firms already serving law practices and by those wanting to break into the market,” said Tim Herbert, vice president of research for CompTIA.
Businesses across the world will spend more on IT in 2010 than they did last year, according to Gartner. The report indicated spending on new computer hardware would increase by 1.6 percent from 2009’s figures, which accurately reflects the survey respondents’ plans to purchase more core business products. The gains for hardware spending is a complete reversal from last year, when spending on that sector of IT plummeted 13.9 percent.
