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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 Report on the State of the Legal Market

The legal market has remained resilient throughout much of last year, even though myriad challenges remain for many law firms, our new report shows.

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The 2021 Law Firm Business Leaders Report shows that law firm business leaders remain optimistic

According to the “2021 Law Firm Business Leaders Report” from the Thomson Reuters Institute and Georgetown Law, law firm business leaders may be staying optimistic, but are worried about the current overheated state of legal talent.

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Legal data & metrics

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2022 Report on the State of the Legal Market: Despite a strong year, numerous & growing challenges confront law firms

The new "2022 Report on the State of the Legal Market" illustrates that the legal market has remained resilient, even though myriad challenges still remain.

Podcast: Law firms should leverage their ESG offerings & strengthen client relationships, says new report

In our new podcast, we discuss the Thomson Reuters Stellar Performance report, including how law firms can improve their client offerings & relationships.

PMI Q3 2021 Analysis: Despite increasing salaries, many lawyers are still switching firms

Will lawyer turnover and rising talent expenses spoil an otherwise swell party for the legal industry? According to the latest PMI analysis, they might.

Legal practice management

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Can client development skills help law firms also retain their legal talent?

The skills a lawyer uses to build a personal connection with a client are largely the same skills that are needed to better retain their legal colleagues.

Reversion or revolution? COO & CFO Forum offers two glimpses at the future of the law firm office

As law firms begin the return to the office, panelist at a recent Thomson Reuters forum wondered what the future of the law firm office will look like.

Despite risks to future profits, law firm business leaders remain optimistic, says a new report

While optimistic, law firm business leaders may be staying awake nights worrying how the current overheated state of legal talent may impact firm profits.

Legal marketplace

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Top 10 blog posts on the Thomson Reuters Institute blog in 2021

Take a look back at the Top 10 most-viewed blog posts and their underlying themes that made 2021 such a memorable year.

Global trends in legal 2021: Growth opportunities are there, but law firms will have to work for them

In looking at the legal trends we've seen this year, we see that while law firms have a path to new growth opportunities in 2022, it won't be an easy one.

Forum magazine: The Nordic Model of law firm leadership

The Nordic countries are on the periphery of global law but their remote location could also enable them to be pioneers in how legal culture develops.

Legal talent & inclusion

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Why the associate compensation market is nuts & won’t work for long-term retention

The steep climb in associate compensation at law firms nationwide is threatening to cut into the strong legal demand the industry is currently enjoying.

Employment law trends that employers need to watch in 2022

In 2022, employers and employees are going to be facing ongoing and new challenges in dealing with legal restrictions and rules around employment.

Interview with the ACC's Veta T. Richardson, author of the new book

Author Veta T. Richardson discusses her new book, "Take Six" and how risk-taking and other good habits can lead you to a truly fulfilling career.

Legal technology

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Forum magazine: 3 decades of change for lawyers and the law

Technological developments, geopolitical, and environmental changes all imply a vastly different future from the world in which we live today.

Buying the Constitution: The rise of DAOs in legal

Could Decentralized Autonomous Organizations (DAOs) become the model for future business structures and transform the legal industry in the process?

Emerging Legal Technology Forum 2021: Law firms need to leverage legal tech to stay competitive

At the recent Forum, panelists discussed how legal tech has raised issues of risk management & implementation that are changing how firms address new tech.