Data & Metrics

Year in review: In Q1 2020, a reversal of fortunes

Leading up to the release of the “2021 Report on the State of the Legal Market” on January 12, 2021, we will reexamine the tumultuous…

Isaac Brooks December 17, 2020

Small law firm business leaders see challenges, opportunities in the coming year, says new report

In today’s legal market, it’s vital that law firms learn to run effectively as businesses. Many are making strides in that direction, yet partners and…

Thomson Reuters Institute December 10, 2020

How to calculate the success of your client relationships now to work smarter in 2021

Improving the client experience is perennially top-of-mind for most law firms — and as we head into 2021, it’s more important than ever. Throughout the…

Jen Dezso December 07, 2020

PMI Q3 2020 Analysis: Associate reductions impact all facets of the legal market

The large law firm industry regained some footing in the third quarter of this year, despite an environment of low demand, owing to positive factors…

Isaac Brooks December 02, 2020

European law firms can seize opportunity, if they’re ready to adapt, says new report

Before the pandemic rolled across Europe and the rest of the world, law firms there had been planning to address just one major challenge: What…

The Thomson Reuters Institute November 27, 2020

Lawyer wellbeing is crucial to law firm sustainability, says new Acritas report

Last year, about half of lawyers that were interviewed and designated as Acritas Stars said they felt their performance had been affected by mental or…

Acritas November 18, 2020

Law firm business leaders guarded on economy, bullish on the future, says new report

Law firms must be able to run effectively as a business. This has been true for a long time, and it has become all the…

Thomson Reuters Institute November 11, 2020

Corporate law departments in Europe focusing on efficiency & effectiveness amid pandemic

Before the COVID-19 pandemic hit, corporate law departments across Europe had indicated they were laser-focused on improving the efficiency and effectiveness of their operations and…

Thomson Reuters Institute November 10, 2020

Collaboration is key to maximizing share of clients’ legal spend

Many law firms dream of gaining a larger share of their clients’ legal spend, especially during difficult economic times like the market is experiencing now.…

Lisa Hart Shepherd November 09, 2020

Amid the pandemic, Big Law gains back some ground, according to Q3 PMI

The large law firm market recovered some ground in the third quarter amid cross-currents of low demand, high rates, and reduced expenses. These competing and…

Thomson Reuters Institute November 09, 2020

The more things change… the state of US small law firms in 2020

Small law firms are agile, adaptable, resilient, and yet, hesitant to change. Or so it would appear from the results of the 2020 Report on…

Mark Haddad November 04, 2020

COO & CFO Forum: The legal industry is learning to do hard things

The COVID-19 pandemic and economic crisis that ensued has dramatically altered how law firms have done business over the past eight months, and law firms…

Gregg Wirth October 29, 2020