SRA :Small firms eager to adopt new tech – but face barriers banner

SRA :Small firms eager to adopt new tech – but face barriers

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While the majority of small firms and sole practitioners agree that technology will help the sector provide better value to consumers (82%), only 4% feel there are no barriers to adopting it.

Firms say challenges include cost, concerns around data compliance risks and unreliable technology. Some describe a ‘wild west’ of options to choose from to meet their technology needs. A fifth want greater transparency of pricing models to support future adoption.

The research, published by the Solicitors Regulation Authority (SRA), also found that AI is a newer trend for sole practitioners and small firms, reflected in moderate adoption rates (14%). These firms are keen to engage with AI but need more information to embrace it safely.

Read the research on sole practitioners’ and small firms’ use of technology and innovation