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Thomson Reuters Institute

Legal 
resource center

The Thomson Reuters Institute’s Legal coverage focuses on the business of law, including critical issues of great importance to lawyers, whether within law firms, corporate law departments, or solo practices.

The 2021 Law Firm Business Leaders Report shows that law firm business leaders remain optimistic

According to the “2021 Law Firm Business Leaders Report” from the Thomson Reuters Institute and Georgetown Law, law firm business leaders may be staying optimistic, but are worried about the current overheated state of legal talent

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LEGAL MARKETPLACE

2021 State of the Legal Market in Europe report shows growth amid change

illustrates how law firms in the region were able to grow despite a year of dramatic change

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Events

Legal data & metrics

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Q3 PMI pulled back to reality by rising associate salaries

The Peer Monitor Index (PMI) has retreated from its highest level ever… to another record high.

Dynamic law firms are experiencing a fairytale moment

Looking at our Dynamic & Static law firms, we see they appear to be in a fairytale moment; but will they be able to slay the dragon and see a happy ending?

Leverage is everything: Archimedean lessons in law firm finances

How law firms were able to leverage their lawyers and other staff went a long way to explain which firms did well and which did not during the pandemic.

Legal practice management

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Reversion or revolution? COO & CFO Forum offers two glimpses at the future of the law firm office

As law firms begin the return to the office, panelist at a recent Thomson Reuters forum wondered what the future of the law firm office will look like.

Despite risks to future profits, law firm business leaders remain optimistic, says a new report

While optimistic, law firm business leaders may be staying awake nights worrying how the current overheated state of legal talent may impact firm profits.

Forum magazine: Transforming law firm/client relationships

The large law firm market is doing very well in terms of rates, demand, productivity and expenses — and firms are very busy. Why is this happening?

Legal marketplace

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Forum magazine: The Nordic Model of law firm leadership

The Nordic countries are on the periphery of global law but their remote location could also enable them to be pioneers in how legal culture develops.

Forum magazine: “Captive ALSPs are a dead end” ...Discuss

Alternative legal service providers (ALSPs) recently have become the Talk of Law Town. But how big is the ALSP market, actually?

Small law firms face numerous challenges, but maintain a positive outlook, says new report

A new Thomson Reuters Institute report shows that while small law firms seemed to have ridden out the pandemic crisis well, some challenges still remain.

Legal talent & inclusion

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How law firms increase DEI among business services and allied professionals

Law firms looking to expand their DEI investments should focus on their business services area and on their professional and administrative staff.

Meaningful Work: Serving the community at the county and state levels of government

As more government lawyers retire, there's a growing opportunity for those lawyers seeking a career in government service at the state & local level.

COO & CFO Forum: How law firms handle the talent question may determine success

Several panels at the recent COO & CFO Forum debated the crucial issue of legal industry employment and how best law firms can handle their talent strategy.

Legal technology

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Forum magazine: 3 decades of change for lawyers and the law

Technological developments, geopolitical, and environmental changes all imply a vastly different future from the world in which we live today.

Buying the Constitution: This rise of DAOs in legal

Could Decentralized Autonomous Organizations (DAOs) become the model for future business structures and transform the legal industry in the process?

Emerging Legal Technology Forum 2021: Law firms need to leverage legal tech to stay competitive

At the recent Forum, panelists discussed how legal tech has raised issues of risk management & implementation that are changing how firms address new tech.