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.

2022 Report on the State of the Midsize Legal Market

Midsize law firms see positive results amid challenges

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Stellar Performance 2022: A Survey of Stand-out Talent

Thomson Reuters' newly published report closely examines how law firms are managing their talent in the post-pandemic landscape

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Legal data & metrics

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Custom & Advisory: The value to law firms of post-pitch feedback - Thomson Reuters Institute

How can data-driven post-pitch feedback programs improve the way law firms interact with their clients and more successfully sell their legal services?

Legal Talent Deep Dives: Strategies to retain the best lawyers in your firm - Thomson Reuters Institute

Law firms looking to engage retention strategies to keep their top performing lawyers shouldn't overlook the importance of firm culture, our research shows.

Insights in Action: Despite economic pessimism, legal clients show growing optimism about their spending - Thomson Reuters Institute

If you dive into the data around spending, it appears that clients are exhibiting an amount of optimism that may belie the current gloomy economic climate.

Legal practice management

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Leveraging process improvement: What does the future hold for process improvement within the legal industry? - Thomson Reuters Institute

In the conclusion of our blog series, Fred Esposito, of Rivkin Radler, discusses how process improvement will transform the legal industry going forward.

What meaningful, intentional client feedback programs can do for law firms: Podcast - Thomson Reuters Institute

In the latest Thomson Reuters Institute podcast, we discuss law firms' efforts to seek out clients’ thoughts & views in a formal client feedback program.

Law firm profitability: Capturing profitability and its benefits - Thomson Reuters Institute

In a 2-part series, we examine how smaller or solo-practitioner law firms can best capture the level of profitability & its benefits they need to flourish.

Legal marketplace

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Midsize law firms see positive results amid challenges, new report finds - Thomson Reuters Institute

The latest "Report on the State of the Midsize Legal Market" takes an in-depth look at the challenges and opportunities seen in the midsize law firm market.

Top 5 ways in-house legal teams can do more with less - Thomson Reuters Institute

There are several ways by which in-house counsel can successfully manage their corporate law department despite a reduction in overall resources & spending.

2022 Australia: State of the Legal Market Report — Uncertainty batters Aussie law firms - Thomson Reuters Institute

While the Australian legal market remained largely resilient through the worst of the pandemic, it may shows signs of cracking amid the latest turmoil.

Legal talent & inclusion

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From 'quiet quitting' to 'lying flat', compliance risks posed by global skills shortage - Thomson Reuters Institute

How can organizations ensure that their risk & compliance efforts don't falter amid a realignment of employment and a shortage of skilled professionals?

How companies are elevating Hispanic and Latinx talent - Thomson Reuters Institute

In honor of Hispanic Heritage Month, we discuss how some Hispanic executive leaders see some organizations' efforts to elevate Hispanic and Latinx talent.

How to mitigate distance bias as workers return to the office - Thomson Reuters Institute

As more workers head back to the office, managers should endeavor to avoid "distance bias" by continuing to engage those employees still working remotely.

Legal technology

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The simple starting points for a law firm IT metrics program - Thomson Reuters Institute

A recent survey found that nearly two-thirds of law firm IT departments use no metrics to measure their success, but there are many ways to change that.

Combatting the legal industry’s most common AI misconceptions: Podcast - Thomson Reuters Institute

In a new Thomson Reuters podcast, we explore what artificial intelligence actually means in the legal industry and how it can be a boon to a law practice.

ILTACON 2022: Legal’s latest strategy switch brings about a practical approach to new tech - Thomson Reuters Institute

The legal industry has developed a reputation for avoiding next-generation technologies, but with blockchain and the metaverse, that perception is shifting.

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