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.

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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The 2022 Dynamic Law Firms Report

A new report explores how some law firms have come to build market-leading growth in several key metrics, while others falter.

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Events

Legal data & metrics

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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.

Strategic Priorities: Mind the gap! The metrics mismatch in corporate law departments

How can corporate law departments use the right kind of measures and metrics to best monitor their progress and work toward their strategic priorities?

Legal practice management

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Podcast: Dynamic law firms show strongest growth among peers — can success be replicated?

Our latest podcast discusses the recent Dynamic Law Firms Report and how and whether the success of those firms can be replicated across the legal industry.

Ideas & Reality: Protecting your organization’s IT systems, networks & infrastructure in a real-world way

How can law firms and companies best protect their most critical infrastructure: the IT systems and networks that are the backbone of those organizations?

Insights in Action: Addressing post-pandemic challenges – and some old perennials

Several law firm managing partners offered their insights on the issues confronting the legal industry — not surprisingly, talent concerns topped the list.

Legal marketplace

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Asia-Pacific Law Firm Brand Index: Clients looking for law firms that can “connect the dots” on complex regulatory, international issues

Our "Asia-Pacific Law Firm Brand Index" shows how clients are looking for legal partners to offer advice & solutions to help them navigate across borders

Podcast: What the data is saying in the recent “2022 State of Corporate Law Departments” report

Our latest Market Insights podcast dives deep into the recent “2022 State of Corporate Law Departments” report to decipher exactly what our data is showing.

Podcast: Regional Law Firm Brand Indexes show shifting relationships between corporate clients and their outside law firms

In a new podcast, we see what the Regional Law Firm Brand Indexes are saying about the changing relationship between clients & their outside law firms.

Legal talent & inclusion

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Returning “Better than Normal”: Bringing DEI and L&D together as part of talent strategy

How can organizations link their DEI efforts with their learning and development (L&D) and career development strategies to leverage the power of both?

Moving up: Increasing Asian American representation on corporate boards

In honor of Asian American Pacific Islander Month, we highlight the diversity gap of Asian Americans on boards & look at how representation can be increased

New survey highlights ways to increase retention of underrepresented associates at law firms

Our survey shows that some of the least costly and easiest ways for law firms to hang on to their associates and other new hires may be the most effective.

Legal technology

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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

Legal tech in the “Age of Anti-Ambition”

There is something in the air. The two-year-long pandemic took its toll on people's mental health & laid the groundwork for a new attitude: We need a break.

Practice Innovations: How to survive a ransomware attack

What steps can companies and law firms take to better survive a ransomware attack? Prior planning and communication with all stakeholders is a good start.