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