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.

2023 Dynamic Law Firm Report

Dynamic Law Firms Report 2023: How some firms have thrived over the last decade

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2023 Report on the State of the Legal Market

This year’s report shows that as legal demand falters and other key metrics remain mixed, uncertainty in 2023 may cloud law firms leaders’ thinking

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Legal data & metrics

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LFFI Q2 analysis: What do macroeconomic factors say about the future of transactional demand? - Thomson Reuters Institute

Transactional demand in the legal market may depend on the future direction of interest rates and whether the US will see more inflation.
6 min

Legal success metrics: Elevating the value of your corporate law department with a strategic metrics program - Thomson Reuters Institute

While many law departments collect the metrics needed to measure performance, most only report spending metrics and fail to show their value.
5 min

Cost control remains top priority for GCs in the US: Strategies for bringing down department spend - Thomson Reuters Institute

How can corporate law department leaders best bring down their full costs while demonstrating their department's value to company leadership?
6 min

Legal practice management

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Insights in Action: How has the role of the GC changed and how can law firms help? - Thomson Reuters Institute

The idea of "doing more with less" has become a commonplace part of daily life among corporate GCs, but what can law firms do to help them?
5 min

The 2023 Legal Department Operations Index: As in-house work grows, LDO professionals look to step up - Thomson Reuters Institute

In the latest "Legal Department Operations Index" report, we see how these legal teams are balancing a myriad of new and old challenges.
5 min

Growing expenses hamper Midsize law firm profitability: Firms still feeling the pinch of increasing lawyer costs - Thomson Reuters Institute

Continuously climbing expenses may be a big challenge for the midsize law firm sector, even more so than the rest of the legal industry.
6 min

Legal marketplace

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2023 Australia: State of the Legal Market Report — Navigating towards prosperity amid challenges - Thomson Reuters Institute

The latest report on the state of the Australian legal market shows a legal industry that's rallying amid a myriad of significant challenges.
5 min

Growing countercyclical demand for Midsize law firms: Can a boost in key practice areas offset growth in lawyer headcount? - Thomson Reuters Institute

As we continue to examine the Midsize law firm segment, we look at the balance between increasing countercyclical demand and lawyer headcount
6 min

Midsize law firms at the midpoint of 2023: Exploring performance and possibilities - Thomson Reuters Institute

In a new series on Midsize law firms, we'll analyze their performance and see what challenges and opportunities they may face in the future.
6 min

Legal talent & inclusion

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Ranking your organization’s approach to managing performance - Thomson Reuters Institute

How your organization manages its performance reviews and offers feedback to employees goes a long way to determining its long-term success.
5 min

With AI, the future of professional services is now: Podcast - Thomson Reuters Institute

In the latest TRI Insights podcast, TR CEO Steve Hasker provides his key takeaways from the newly published “Future of Professionals” report.
5 min

New paper shows that ESG polarization in law firms is more myth than reality - Thomson Reuters Institute

In a new paper from Thomson Reuters, we see how fears of the polarizing effects of ESG initiatives within law firms may be greatly overblown.
5 min

Legal technology

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Offering AI advice starts with understanding what corporate clients actually want - Thomson Reuters Institute

Professional services firms are focused on operational efficiencies, yet their clients prioritize protecting the business & where AI fits in.
6 min

ILTACON 2023: You may have an information governance policy, but it’s time to take the next step - Thomson Reuters Institute

Five law firm IG leaders took the stage at ILTACON to demonstrate how law firms can actually achieve governance beyond the records room.
6 min

ILTACON 2023: How 5 law firms are putting their data to work in new ways - Thomson Reuters Institute

At the 2023 ILTACON conference, several law firm leaders discussed their firms' various strategies to wring the most value out of their data.
7 min

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