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 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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Alternative Legal Services Providers 2023 Report

In our biennial report on the ALSP market, we find a sector that has grown exponentially over the past two years and is making great in-roads with both law firms and corporations.

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Legal data & metrics

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LFFI Q4 2022 Analysis: Was Q4 really as dour as it first appeared? - Thomson Reuters Institute

Even as the LFFI hit a record low in Q4 of 2022, there are some signs within the data that law firms' fortunes could turn around in 2023.
5 min

LFFI Q4 Analysis: Is falling productivity to blame for the lowest score in the program's history? - Thomson Reuters Institute

Is historically low productivity a major manifestation of law firms' stumbling financial performance at the end of last year?
5 min

Insights in Action: Dispelling myths around legal work in the Private Equity & Venture Capital space - Thomson Reuters Institute

Law firms have an opportunity to get business from Private Equity & Venture Capital firms, but they need to dispel myths about the work first
5 min

Legal practice management

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Chapman and Cutler: Demonstrating best practices to create & execute an ESG strategy - Thomson Reuters Institute

Law firm Chapman and Cutler made it a priority to create a firmwide ESG strategy that included third-party scoring & engagement with clients.
5 min

Advisory Services: What a law firm Client Development Manager says about client listening programs - Thomson Reuters Institute

Client listening programs can offer law firms a big advantage in finding out what their clients think about pricing, service, and much more.
5 min

Advisory Services: Law firm leaders express the benefits of strategy, culture & adaptability to weather these uncertain times - Thomson Reuters Institute

At a recent Insight Council roundtable, attendees discussed how they're addressing the challenges their law firms face in an uncertain market
6 min

Legal marketplace

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The 2023 Canadian Legal Market Update: Exhibiting stability, while embracing change - Thomson Reuters Institute

A new report shows what Canadian law department leaders are thinking about managing their growth strategies and strategic investments.
5 min

Australian Legal Market Midyear Update: Signals of a midyear turnaround evident - Thomson Reuters Institute

After a tough start to its 2023 Financial Year, Australian law firms now are seeing some movement out of the shadows and into the sunlight.
5 min

2023 State of the Courts Report: Moving toward modernization - Thomson Reuters Institute

In a new report, we look at what judges and court professionals are saying about the challenges still facing the nation's court system today.
5 min

Legal talent & inclusion

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How to use collaboration intelligence to cultivate culture habits for hybrid work - Thomson Reuters Institute

As more organizations grapple with differing modes of work styles, it's critical that managers foster collaboration among all employees.
5 min

30th Marketing Partner Forum: How to maximize law firm alumni’s impact on business development - Thomson Reuters Institute

A panel at the Marketing Partner Forum discussed how law firms are leveraging their alumni to increase their business development efforts.
5 min

Advisory Services: Feedback & career mobility at the heart of law firms’ talent management innovations - Thomson Reuters Institute

According to a recent roundtable of chief talent officers, issues around talent management still remain at the top of many CTOs' minds.
6 min

Legal technology

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Financial institutions are increasingly eyeing fintech & regtech tools, but so are regulators - Thomson Reuters Institute

As more financial institutions use fintech & regtech tools to make their operations more efficient, regulators are starting to take notice.
6 min

Recommended change management practices to plan, build, then deploy successful legal tech - Thomson Reuters Institute

The steps taken by law firms to engage their change management process to Plan, Build and Deploy new legal tech solutions are critical.
6 min

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?
5 min

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