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.

2025 Report on the State of the US Legal Market

In this year’s report, we see how many law firms are edging toward rethinking their business model in light of technological advancements, even as they celebrate a record-breaking performance over the past year

Learn more

Alternative Legal Services Providers 2025

A new report finds that the market for ALSPs is shifting, as some legal departments and law firms become more comfortable with alternative methods

Learn more

Legal data & metrics

See all

How economic recessions impact the legal industry - Thomson Reuters Institute

As trade wars and growing geopolitical uncertainties continue to mount, many law firms are again starring down the barrel of a recession.
6 min

Q1 2025 LFFI: Trade-war whiplash hits law firms - Thomson Reuters Institute

Law firms found a successful yet quiet first quarter transformed in its final weeks as a global trade war boosted firms’ short-term prospects.
5 min

The AI-driven future of legal efficiency: How can law firms reclaim millions in lost revenue while enhancing client value? - Thomson Reuters Institute

A new white paper shows that many lawyers are missing the opportunity to minimize lost time and find new ways to be productive with AI tools.
5 min

Legal practice management

See all

Marketing Partner Forum 2025: Which is more difficult? Getting the resources or getting the buy-in? - Thomson Reuters Institute

While law firm leaders seem eager to invest in technology to improve efficiency, how do you get the rest of the firm to go along with that?
6 min

Pricing AI-driven legal services: The problem of increasing corporate matter volumes - Thomson Reuters Institute

Many are predicting that the prices of some types of legal matters may come down due to GenAI — and some GCs think that does need to happen.
7 min

How law firms ended up with the billable hour model - Thomson Reuters Institute

To understand why the concept of the billable hour has had such staying power, we must first understand how the billable hour came to be.
5 min

Legal marketplace

See all

The rise and challenges of midsize law firms in 2025: No time to rest - Thomson Reuters Institute

Midsize law firms occupy a unique position in the legal market, but as technology advances, they may be able to compete on a whole new level.
5 min

The State of the UK Legal Market in 2025: Law firms’ focus shifting to value, efficiency & productivity - Thomson Reuters Institute

UK law firms are serving clients whose interests are shifting toward value & efficiency even as firms meet the challenge of advancing tech.
5 min

LADD project looks at declining democracies and what lawyers can do to help - Thomson Reuters Institute

What role do lawyers play when democracies start to erode across the world? An academic research group looks at what role lawyers can play.
5 min

Legal talent & inclusion

See all

Legal training in the age of AI: A leadership imperative - Thomson Reuters Institute

Legal leaders who demonstrate a desire to invest in the next wave of AI-trained legal professionals will undoubtedly set themselves apart.
6 min

GenAI is here for professional services, but GenAI training still has a way to go - Thomson Reuters Institute

Even as GenAI adoption continues to increase in professional services, a recent report reveals that training continues to lag farther behind.
6 min

Why the changing composition of law firms may pose a problem for GCs - Thomson Reuters Institute

As law firms look to shrink associate class sizes and increase pay, recruiting new talent for in-house legal roles could become a challenge.
7 min

Legal technology

See all

ILTA Evolve: Finding the use cases for law firms around agentic AI systems - Thomson Reuters Institute

Law firms are looking at how AI agents may become a part of their workflow but integrating agentic AI means understanding how it’s different.
7 min

Why and how corporate GCs are reallocating their outside legal work - Thomson Reuters Institute

Corporate GCs are trying to find cost savings in a market full of rising law firm billing rates by rebalancing their mix of outside counsel.
5 min

How do professionals in Latin America feel towards generative AI? - Thomson Reuters Institute

Although organizations lag in GenAI integration, Latin American professionals are optimistic about how the technology will change their work.
5 min

Sign up and stay informed with our weekly insights and trends newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By submitting your details, you are acknowledging that you have read and understood our privacy statement. You can unsubscribe at any time.