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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.

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

The Thomson Reuters Institute's annual "2021 State of the Legal Market in Europe" report illustrates how law firms in the region were able to grow despite a year of dramatic change

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LEGAL DATA & METRICS

Pandemic Performers Report 2021: How some law firms found growth in crisis

Why did some law firms handle the recent global health crisis better than others? Our new "Pandemic Performers 2021" report sheds light on what top firms did to make the difference.

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Legal data & metrics

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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.

PMI Q2 2021 analysis: Parting the numerical fog around expenses

The low hurdles set during the pandemic may act like a numerical fog to obscure our ability to see trends in today's legal market, especially with expenses.

Legal practice management

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Practice Innovations: The Client scorecard — How to align & collaborate

In the latest "Practice Innovations" article, our panel of law firm experts discuss what clients think is most important to ensuring long-term relationships

Leadership tactics that law firms can use to win the talent wars

What talent development & inclusion tactics can law firm leaders take to ensure their top legal talent remain with the firm & flourish while they are there?

What will it take to grow people and profits in a more agile legal environment?

As some law firms return to the office, it will force a rethinking of our relationship with the traditional office amid the new agile work environment.

Legal marketplace

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

The Thomson Reuters Institute's "2021 State of the Legal Market in Europe" report shows that law firms in the region saw growth despite a year of change.

Podcast: 20 years of the Law Firm COO & CFO Forum

In a new podcast we look back at 20 years of the annual Thomson Reuters’ Law Firm COO & CFO Forum and how the business of law has changed during that time.

Australia 2021 Infographic: Climbing through the storm

Check out our new Australian Legal Market Infographic to get a brief overview of the state of the market and the driving forces pushing it forward.

Legal talent & inclusion

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New Podcast: Resolving workplace burnout is necessary for winning in the war for talent

In the latest podcast on the Thomson Reuters Institute Market Insights channel, we discuss professional service firms' need to solve for employee burnout.

Practice Innovations: Lessons from 2020’s improvised new associate orientation

In the latest article in "Practice Innovations", we see how law firms are using the lessons of 2020 to reconfigure how to approach new associate orientation

How employers can help tackle pandemic-related structural childcare hurdles

The challenge for working parents to find affordable childcare is quickly becoming a "business issue" that employers must manage through enhanced benefits.

Legal technology

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Practice Innovations: Virtual conferencing is here to stay — so, how is your firm faring?

In the latest article in "Practice Innovations", we see how virtual conferencing, which boomed in the pandemic, is here to stay and law firms need to adapt.

The Metaverse is coming: Is the legal market prepared?

Are you ready for the Metaverse and all its impacts? Probably not, but for tomorrow's law firms and their lawyers, the legal implications will be enormous.

Strength in numbers: Leveraging legal networks

As many client interactions remain virtual, legal networks are seeking to help lawyers and clients strengthen those relationships during an uncertain time.