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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.

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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The 2022 Law Firms Stay-Go Report

In a new report, we see how some law firms are better able to retain their top legal talent while others are having a far more difficult time.

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Legal data & metrics

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Forum: The Attrition Antidote — Anticipating (and preempting) attrition through people intelligence

In the latest issue of Forum magazine, we examine the question of whether law firms can benefit from creating an “early warning system” for lawyer attrition

Forum: Associate attrition & compensation — The data is just plain weird

Growing associate attrition & climbing compensation seem to be on everyone's mind in legal, but what does the data say is really behind these twin trends?

Law Firm transactional demand slows, while lawyer pay jumps in Q1 2022, Law Firm Financial Index (LFFI) finds

Even as the new Law Firm Financial Index (LFFI) fell dramatically for Q1 2022 as compensation costs grew, many other market fundamentals remain strong.

Legal practice management

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Client Feedback: Trends in client feedback for 2022 and beyond

In the second in a 2-part series of blog posts, we look at what law firms' business development efforts may look like throughout 2022 and into the future.

Leveraging process improvement: Changing the way law firms handle client in-take

How can law firms use process improvement to enhance how they conduct client in-take? Rivkin Radler's Fred Esposito discusses the benefits of this pathway.

Client Feedback: What 2021 meant for law firms’ business development efforts

In a new series of blog posts, we'll look at last year's impact on law firms' business development efforts & what those efforts might look like going ahead.

Legal marketplace

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Forum: The 'Down Under' front in the competition for legal talent

Law firms in Australia have weathered the pandemic relatively well, avoiding the market downturn that negatively impacted so many firms in other regions.

Insights in Action: Differing perceptions of stand-out lawyers’ skill sets

A recent report sheds some light on the differing perspectives of how and where both clients and lawyers see the value in their professional relationship.

Stellar Performance 2022 report: The post-pandemic state of stand-out lawyers

Thomson Reuters' "Stellar Performance 2022: A Survey of Stand-out Talent" report examines how law firms are managing their talent in the post-pandemic era.

Legal talent & inclusion

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Forum: 3 steps to more effective lateral hiring

Lateral hiring, long used by law firms to acquire new talent, may not be the boon it was always touted to be, at least according to the latest data.

How employers can leverage signals of hope to retain LGBTQ+ professionals

In celebration of Pride Month, we focus on how firms can overcome the challenges that many LGBTQ+ professionals feel in the workplace and promote belonging.

In Practice: How Cengage's GC nurtures a culture of learning & career development

In the latest "In Practice", Laura Stevens of Cengage Group discusses how her company maintains a learning culture that emphasizes career development.

Legal technology

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Creating an innovation culture inside today’s law and tax & accounting firms

How can law firms and tax & accounting firms create a culture of innovation within that will better promote collaboration and efficiency across the firm?

Forum: The LawFirmDAO offers bold predictions of future firm partnerships

Could decentralized autonomous organizations (DAOs) revolutionize how law firm partnerships are going to be structured in the near future?

Using human-centered design to power AI for contract analysis

Advances in AI have allowed for innovative uses in a variety of industries, including law, regulatory compliance, tax & accounting, and other corporate work

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