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 2022 Law Firms Stay-Go Report

In a new report, we see how some law firms are better able to retain their top legal talent while others are having a far more difficult time.

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The 2022 Dynamic Law Firms Report

A new report explores how some law firms have come to build market-leading growth in several key metrics, while others falter.

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Events

Legal data & metrics

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Forum: Associate attrition & compensation — The data is just plain weird

Growing associate attrition & climbing compensation seem to be on everyone's mind in legal, but what does the data say is really behind these twin trends?

Law Firm transactional demand slows, while lawyer pay jumps in Q1 2022, Law Firm Financial Index (LFFI) finds

Even as the new Law Firm Financial Index (LFFI) fell dramatically for Q1 2022 as compensation costs grew, many other market fundamentals remain strong.

Strategic Priorities: Mind the gap! The metrics mismatch in corporate law departments

How can corporate law departments use the right kind of measures and metrics to best monitor their progress and work toward their strategic priorities?

Legal practice management

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Forum: Driving law firm innovation through culture & mindset

In the most recent issue of Thomson Reuters' Forum magazine, we see how innovation within a law firm is both essential and inherently challenging.

Raising uncomfortable topics during client interviews

How can you bring up uncomfortable topics during client interviews in a way that will actually strengthen your relationships & add to your perceived value?

Podcast: Dynamic law firms show strongest growth among peers — can success be replicated?

Our latest podcast discusses the recent Dynamic Law Firms Report and how and whether the success of those firms can be replicated across the legal industry.

Legal marketplace

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Forum: Australian law school takes the lead in building tomorrow’s law firm leaders

In the latest issue of Forum magazine, we see how one Australian law school is teaching students by focusing on core characteristics of legal leadership.

Asia-Pacific Law Firm Brand Index: Clients looking for law firms that can “connect the dots” on complex regulatory, international issues

Our "Asia-Pacific Law Firm Brand Index" shows how clients are looking for legal partners to offer advice & solutions to help them navigate across borders

Podcast: What the data is saying in the recent “2022 State of Corporate Law Departments” report

Our latest Market Insights podcast dives deep into the recent “2022 State of Corporate Law Departments” report to decipher exactly what our data is showing.

Legal talent & inclusion

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Insights in Action: CTOs facing challenges on return-to-office plans & associate retention

Legal talent strategies are impacted by 2 factors: how well firms’ return-to-office planning is going & how deep firms’ concerns are on associate retention.

4 ways to increase advancement of AAPI professionals within executive ranks

As part of AAPI Month, we look at ways that organizations can increase the advancement of AAPI professionals, especially within their top executive ranks.

Returning “Better than Normal”: Bringing DEI and L&D together as part of talent strategy

How can organizations link their DEI efforts with their learning and development (L&D) and career development strategies to leverage the power of both?

Legal technology

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Using human-centered design to power AI for contract analysis

Advances in AI have allowed for innovative uses in a variety of industries, including law, regulatory compliance, tax & accounting, and other corporate work

Legal tech in the “Age of Anti-Ambition”

There is something in the air. The two-year-long pandemic took its toll on people's mental health & laid the groundwork for a new attitude: We need a break.

Practice Innovations: How to survive a ransomware attack

What steps can companies and law firms take to better survive a ransomware attack? Prior planning and communication with all stakeholders is a good start.