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Thomson Reuters Institute

Legal 
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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 Report on the State of the Legal Market

The legal market has remained resilient throughout much of last year, even though myriad challenges remain for many law firms, our new report shows.

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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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Events

Legal data & metrics

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State of the Legal Market analysis: How inflation’s return may mean 6% or more rate growth for law firms

How will creeping inflation impact law firms' ability to raise their rates, which has become their go-to method of enhancing revenue and profit growth?

2022 Report on the State of the Legal Market: Despite a strong year, numerous & growing challenges confront law firms

The new "2022 Report on the State of the Legal Market" illustrates that the legal market has remained resilient, even though myriad challenges still remain.

Podcast: Law firms should leverage their ESG offerings & strengthen client relationships, says new report

In our new podcast, we discuss the Thomson Reuters Stellar Performance report, including how law firms can improve their client offerings & relationships.

Legal practice management

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How small law firms can plan for a successful 2022

What steps can small law firm leaders take now to ensure that 2022 is a year in which their firm succeeds with clients and thrives?

Global Elite Law Firm Brand Index 2022: Identifying the path to success & client satisfaction

How can law firms use the lessons in the "Global Elite Law Firm Brand Index 2022" to ensure higher levels of client satisfaction and more firm success?

Can client development skills help law firms also retain their legal talent?

The skills a lawyer uses to build a personal connection with a client are largely the same skills that are needed to better retain their legal colleagues.

Legal marketplace

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Trust & relationships were crucial to top showing in Global Elite Law Firm Brand Index 2022

The newly published Global Elite Law Firm Brand Index 2022 shows how important client trust & maintaining key relationships are to law firm brand success.

Marketing Partner Forum: Leading change in risk-averse cultures

At the Marketing Partner Forum, embracing change & seeking reinvention take center stage as ways to strategically adapt to periods of continuing uncertainty

Top 10 blog posts on the Thomson Reuters Institute blog in 2021

Take a look back at the Top 10 most-viewed blog posts and their underlying themes that made 2021 such a memorable year.

Legal talent & inclusion

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How to maximize what each generation brings to client attraction & retention

Organizations need to find ways to optimize the talents and skills that each generation of workers can bring to client service and business development.

Finding purpose & having a social impact: Lawyers & tax professionals speak out

A new survey asks professionals in the legal and tax & accounting industries what they think about their jobs in terms of finding a purpose in what they do.

Practice Innovations: Finding an antidote to the Great Resignation

In the shadow of the Great Resignation and a growing war for legal talent, what can law firms do to ensure their associate class stays with the firm?

Legal technology

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Practice Innovations: Four ways to attract lawyers to technology training

In the latest issue of Practice Innovations, we look at ways that law firms can make necessary technology training more palatable to their lawyers.

Tech-based platforms offer modern approaches to preventing & reporting harassment

Can the increased use of technology-based platforms help curb workplace harassment, especially online, and promote better transparency and work cultures?

Practice Innovations: Will the Internet of Behavior change how we act and interact?

As we evolve toward the Internet of Behavior will people be able to accept being monitored and tracked with a combination of data tech & behavioral science?