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.

2023 Dynamic Law Firm Report

Dynamic Law Firms Report 2023: How some firms have thrived over the last decade

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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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Legal data & metrics

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LFFI Q3 analysis: Am Law 100 firms return to profit growth ahead of 2024 - Thomson Reuters Institute

In the recent LFFI report, we see how Am Law 100 firms are leading the way as the legal industry tries to return to strong profit growth.
6 min

Q3 2023 Law Firm Financial Index: Firms tap the brakes on September hiring, all eyes on year-end profit - Thomson Reuters Institute

The Law Firm Financial Index remained at its six-quarter high in Q3, as industry focus now turns to wringing out a more profitable 2023.
5 min

Legal success metrics: Demonstrating the effectiveness of your law department with metrics that make the case - Thomson Reuters Institute

Corporate law departments that are considering using metrics, should choose those that can best demonstrate the department's effectiveness.
7 min

Legal practice management

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ESG Case study: How law firms are helping Atlas deliver responsible business strategy - Thomson Reuters Institute

Atlas Corp., the world's largest independent owner & operator of containerships, sees its outside law firms as crucial to its ESG activities.
6 min

LDO Index analysis: Corporate counsel effective at controlling law firm rates, but not how you might think - Thomson Reuters Institute

The recent LDO Index showed that legal departments face pressure to keep costs down, and they may have found a way — tiering legal work.
5 min

Legal success metrics: The legal department as protector of the business - Thomson Reuters Institute

Metrics that show a corporate law department can be a protector of the business are becoming increasingly important to demonstrate value.
6 min

Legal marketplace

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New report shows small law firms spending more time practicing law and are optimistic about future - Thomson Reuters Institute

In our new "2023 State of U.S. Small Law Firms Report", we see a change in how many small law firm lawyers are approaching their business.
5 min

The 2023 COO & CFO Forum: A bifurcated recovery and the potential road ahead - Thomson Reuters Institute

As this year's Law Firm COO & CFO Forum opens, the overall law firm market is seeing a recovery of sorts that isn't lifting all boats equally.
5 min

2023 Australia: State of the Legal Market Report — Navigating towards prosperity amid challenges - Thomson Reuters Institute

The latest report on the state of the Australian legal market shows a legal industry that's rallying amid a myriad of significant challenges.
5 min

Legal talent & inclusion

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Stellar Performance 2023: Ensuring the success of lateral hires - Thomson Reuters Institute

In the third installment of our Stellar Performance reports, we see how law firms can best ensure the successful integration lateral hires.
5 min

Using stakeholder mapping as a tool to navigate the thorny political environment around DEI - Thomson Reuters Institute

Organizations should use "stakeholder mapping" to assess how all their constituencies feel about critical topics like diversity & inclusion.
6 min

How to upskill your legal team quickly to support enterprise ESG strategy - Thomson Reuters Institute

AS ESG issues become more important to law firms and clients, they need to find ways to upskill their legal teams to manage this strategy.
5 min

Legal technology

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Generative AI and the small law firm: The value of legal domain expertise - Thomson Reuters Institute

In our new blog series, we discuss how small law firms can leverage their natural advantages with generative AI to compete at a higher level.
7 min

C-Suite members are optimistic but cautious about priorities and Gen AI’s impact, new study shows - Thomson Reuters Institute

In the new "Future of Professionals C-Suite Survey", we look at what C-Suite executives see as short-term priorities & the impact of Gen AI.
5 min

The 2023 COO & CFO Forum: Law firm strategic plans should be actionable and data-driven - Thomson Reuters Institute

While many firms try to ‘future proof’ themselves with strategic planning, a COO & CFO Forum panel showed how such plans can have more impact.
7 min

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