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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.

2023 Report on the State of the Legal Market

This year’s report shows that as legal demand falters and other key metrics remain mixed, uncertainty in 2023 may cloud law firms leaders’ thinking

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Alternative Legal Services Providers 2023 Report

In our biennial report on the ALSP market, we find a sector that has grown exponentially over the past two years and is making great in-roads with both law firms and corporations.

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Legal data & metrics

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State of the Legal Market 2023 analysis: Evaluating firms’ return on investment in associate compensation - Thomson Reuters Institute

In our latest analysis of the legal market, we see how law firms that invested in associate compensation made out at the end of the day.

30th Marketing Partner Forum: Assessing the state of law firm marketing & business development - Thomson Reuters Institute

As law firm marketing & business development leaders seek a new normal, they're looking to build more collaboration & improve their standing.

State of the Legal Market 2023 analysis: Exploring the unequal successes of 2022 - Thomson Reuters Institute

Looking into our data, we examine how demand growth was distributed last year, and why some firms saw increases while others saw declines.

Legal practice management

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How organizations can best navigate the polarization & politicization of ESG - Thomson Reuters Institute

As the rhetoric around ESG becomes more politicized, how can companies ensure they stay focused on delivering benefits to stakeholders?

30th Marketing Partner Forum: Competing on a modest marketing budget - Thomson Reuters Institute

At this week's Marketing Partner Forum, one panel discussed how law firms could pull success out of even the most modest marketing budgets.

Practice Innovations: Why lawyers lack an “ownership mentality” and what to do about it - Thomson Reuters Institute

What does it mean to have an "ownership mentality" as a law firm lawyer? And, more importantly, how can firm leadership promote that idea?

Legal marketplace

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Market for alternative legal services growing dramatically, new report shows - Thomson Reuters Institute

In our biennial report on the ALSP market, we find a sector that has grown exponentially while making in-roads with law firms & corporations.

A closer look at the state of the legal market in 2023: Podcast - Thomson Reuters Institute

In our latest podcast, we dive deep into the recent “State of the Legal Market” report to set the stage for what may be a challenging year.

Practice Innovations: If you are not first, are you last? - Thomson Reuters Institute

The ways in which law firms deliver services is evolving, and so too must their acknowledgment of the maturity of a particular practice area.

Legal talent & inclusion

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Practice Innovations: Adapt, innovate or both? Leading & leveraging cognitive diversity - Thomson Reuters Institute

Leaders of legal organizations who take care to understand the cognitive diversity of their teams can better leverage their unique talents.

Welcome to 2023: ESG & employees still win even in economic uncertainty - Thomson Reuters Institute

Can ESG issues improve the well-being of employees in the coming year as human-centered business becomes more a part of the mainstream?

Dealing with the conflict of generational preferences on how, where & when to work - Thomson Reuters Institute

Managing a multi-generational workforce's preferences around different work situations will become critical for organizations going forward.

Legal technology

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Financial institutions are increasingly eyeing fintech & regtech tools, but so are regulators - Thomson Reuters Institute

As more financial institutions use fintech & regtech tools to make their operations more efficient, regulators are starting to take notice.

Recommended change management practices to plan, build, then deploy successful legal tech - Thomson Reuters Institute

The steps taken by law firms to engage their change management process to Plan, Build and Deploy new legal tech solutions are critical.

Insights in Action: Establishing more innovative legal solutions - Thomson Reuters Institute

For law firms and other legal organizations, what counts as innovation? Is it always related to technology? Is it worth pursuing?

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