Thomson Reuters Institute

Law Firm Financial Index

Legal Market

Q2 2026 LFFI: A heavier load, yet a faster crossing

Q1 2026 LFFI: Strong inputs, average output — and the first drops of rain

Q4 2025 LFFI: Law firms sail to strong finish amid shifting winds

Q3 2025 LFFI: Tectonic pressure pushes firms to new heights

Q2 2025 LFFI: The eye of the hurricane

Q1 2025 LFFI: Trade-war whiplash hits law firms

Q4 2024 LFFI: Despite late sluggishness, law firms end the year strongly

Q3 2024 LFFI: Firms’ profits reach new heights on wave of resurgent demand

Q2 2024 LFFI: Back at record heights, law firms look healthier than ever

Q1 2024 LFFI: Law firms ascend with record revenues and slower expenses

Improvement on all fronts finds law firms on familiar ground in Q4 2023, LFFI Report shows

Q2 2026 LFFI analysis: The rising costs lurking beneath law firm momentum

Q2 2026 LFFI analysis: Law firm leverage just broke a 17-year record — and this time, it's not because of layoffs

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8 min

Q1 2026 LFFI analysis: The productivity puzzle and the shift toward value per lawyer

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6 minute read

LFFI Q1 2026 analysis: Where a tree grows depends on more than its trunk

Q1 2026 LFFI analysis: The quiet rate erosion impacting Midsize law firms

Q4 2025 LFFI analysis: Demand cools and practice areas diverge

Q4 2025 LFFI analysis: What a decade of law firm rate elasticity means for 2026

The prosperity paradox: Record rate growth may mask rising vulnerabilities in law firms

Q3 2025 LFFI analysis: Southwest and Southeast regions drive demand growth amid US uncertainty

Q3 2025 LFFI analysis: Expense stickiness may be a latent risk for law firms

Q2 LFFI analysis: Rising costs in a resilient market

LFFI Q2 2025 analysis: Market stability masks fundamental shifts in law firm performance

The evolution of legal demand in uncertain times

How law firms are driving record rate growth amid economic turbulence

How economic recessions impact the legal industry

Article

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6 minute read

Legal AI & Technology

Q4 LFFI Analysis: A year of record profits for law firms has them looking at investment options

Q4 LFFI Analysis: The legal industry sees changing demand dynamics in shift towards transactional practices

Q3 LFFI Analysis: Am Law 100 Law Firms take different paths that lead to the same result — record profit growth

Q3 LFFI Analysis: As law firms’ transactional practices continue their comeback, will M&A join the party soon?

LFFI Q2 2024 Analysis: What role did GenAI have in Q2’s productivity positivity?

Article

Legal

Q2 2024 LFFI analysis: How GenAI-driven productivity will impact lawyers, firms & clients

Article

Legal

LFFI Q2 analysis: Diversified organic revenue places law firms on more stable ground

LFFI Q1 2024 Analysis: Rates & litigation continues to push market growth

Article

Legal

LFFI Q1 2024 Analysis: Are law firms changing their attitude towards technology?

Article

Legal

LFFI Q4 2023 analysis: CFOs’ focus on behavior & performance, not costs, will drive profitability

Article

Legal

LFFI Q4 2023 analysis: Will the growth pattern law firm rates saw in 2023 continue into 2024?

Article

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5 minute read

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