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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.

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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2022 Report on the State of US Small Law Firms

Leaders of small law firms are experiencing a general sense of optimism and expectations of future growth, despite an uneasy economic picture

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Legal data & metrics

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State of the Legal Market 2023 analysis: Exploring the unequal successes of 2022 - Thomson Reuters Institute

Looking into our data, we examine how demand growth was distributed last year, and why some firms saw increases while others saw declines.

2023 Report on the State of the Legal Market: Mixed results and growing uncertainty - Thomson Reuters Institute

As legal demand falters and other key metrics remain mixed, uncertainty in 2023 may cloud law firms leaders’ thinking, says a new report.

How to improve handling of law firm rate increase requests through data: A view from in-house counsel - Thomson Reuters Institute

By leveraging its data, corporate law departments can improve how they handle any rate increases that their outside law firms request.

Legal practice management

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30th Marketing Partner Forum: Competing on a modest marketing budget - Thomson Reuters Institute

At this week's Marketing Partner Forum, one panel discussed how law firms could pull success out of even the most modest marketing budgets.

Practice Innovations: Why lawyers lack an “ownership mentality” and what to do about it - Thomson Reuters Institute

What does it mean to have an "ownership mentality" as a law firm lawyer? And, more importantly, how can firm leadership promote that idea?

Practice Innovations: What to do when you’re on the receiving end of a difficult conversation - Thomson Reuters Institute

Successful law firm partners know how to handle feedback with grace, navigating difficult conversations with clients, partners & leaders.

Legal marketplace

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Market for alternative legal services growing dramatically, new report shows - Thomson Reuters Institute

In our biennial report on the ALSP market, we find a sector that has grown exponentially while making in-roads with law firms & corporations.

A closer look at the state of the legal market in 2023: Podcast - Thomson Reuters Institute

In our latest podcast, we dive deep into the recent “State of the Legal Market” report to set the stage for what may be a challenging year.

Practice Innovations: If you are not first, are you last? - Thomson Reuters Institute

The ways in which law firms deliver services is evolving, and so too must their acknowledgment of the maturity of a particular practice area.

Legal talent & inclusion

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Practice Innovations: Adapt, innovate or both? Leading & leveraging cognitive diversity - Thomson Reuters Institute

Leaders of legal organizations who take care to understand the cognitive diversity of their teams can better leverage their unique talents.

Welcome to 2023: ESG & employees still win even in economic uncertainty - Thomson Reuters Institute

Can ESG issues improve the well-being of employees in the coming year as human-centered business becomes more a part of the mainstream?

Dealing with the conflict of generational preferences on how, where & when to work - Thomson Reuters Institute

Managing a multi-generational workforce's preferences around different work situations will become critical for organizations going forward.

Legal technology

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Insights in Action: Establishing more innovative legal solutions - Thomson Reuters Institute

For law firms and other legal organizations, what counts as innovation? Is it always related to technology? Is it worth pursuing?

Practice Innovations: What is stalling the Legal Tech market in Latin America? - Thomson Reuters Institute

As the legal tech market booms elsewhere, its growth and impact in the Latin American legal market seems more muted for a number of reasons.

Small law firms' 2023 tech priorities: Business development & ensuring remote proceeding capabilities - Thomson Reuters Institute

Optimistic about their prospects in 2023, small law firms are eschewing new tech content to update & formalize what they adopted recently.

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