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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 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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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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Legal data & metrics

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Dynamic Law Firms Report analysis: How much does segmentation matter?

Diving deeper into the "Dynamic Law Firms Report", we see how this cohort of firms fared against the various segments that comprise the Dynamic population.

Law firm culture, investment in people are keys to long-term success, says new study

Why do some law firms consistently achieve high levels of growth in several key metrics, while others falter? The new Dynamic Law Firms Report examines this

PMI Q4 2021 Analysis: How the rise of transactional work accelerated a decades-long break with litigation

Looking at the data for Q4, we can chart how the growth of corporate and transactional work accelerated a decades-long industry trend away from litigation.

Legal practice management

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Practice Innovations: Non-lawyer ownership of law firms — Are winds of change coming for Rule 5.4?

Recent developments in several states suggest new possibilities for non-lawyer ownership stakes in law firms. Could this indicate the start of a new trend?

Marketing Partner Forum: How law firm leaders can envision the marketing department of the future

For law firm marketing departments, one recent panel discussed how transformation is needed to achieve growth in today’s hyper-connected digital world.

How small law firms can plan for a successful 2022

What steps can small law firm leaders take now to ensure that 2022 is a year in which their firm succeeds with clients and thrives?

Legal marketplace

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State of the UK Legal Market 2022: How UK law firms can thrive in a post-Brexit, post-pandemic world

In the new "State of the UK Legal Market" report, we see how law firms in the UK are handling continuing challenges and leveraging potential opportunities.

Canada Law Firm Brand Index: Clients looking for practical, localized legal advice

In the "Canadian Law Firm Brand Index", we see how Canadian clients are looking to outside legal counsel for practical business advice & strong lawyers.

UK Law Firm Brand Index: Continued uncertainty has UK legal clients seeking business-savvy partners

The newly published "UK Law Firm Brand Index 2022" details UK legal clients' biggest areas of concern and how UK law firms are addressing those challenges.

Legal talent & inclusion

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Expanding the definition of competence for the multigenerational workforce

Given the great reshuffling of work priorities, it may be wise to reassess what constitutes "competence" within law firms and tax & accounting firms too.

Practice Innovations: The power of 360-degree feedback to enable greater lawyer retention

Only a handful of law firms conduct comprehensive upward reviews, and even fewer embrace 360-degree feedback surveys; however, these firms need to start.

Could the legal industry be entering a long-term lawyer labor shortage?

The number of younger lawyers reconsidering their career choice should give the industry pause & have it searching for ways to retain these professionals.

Legal technology

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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.

Managing your law firm’s legal technology during tumultuous times

How can law firms better support their legal technology initiatives along with the class of highly skilled professionals that staff and serve those efforts?