Practice Management

Time & tide: New and evolving job roles in the legal profession

An increasing number of law firms are utilizing multidisciplinary teams to solve client problems. And while the traditional partner and associate roles are still critical…

Zorik Pesochinsky November 25, 2020

Law firms have made modest progress in readiness assessment of succession planning in 2020

Many law firms are finding themselves in a succession planning crunch. Some partners are backing away from long-standing succession plans because their retirement is not…

Natalie Runyon November 24, 2020

If not now, when? Small law firms need to improve their business development

There’s a good reason I have written extensively about why small law firms need to improve their business development acumen. Small law firm leaders themselves…

Mark Haddad November 23, 2020

New Video: Focusing on client-driven changes to law firm pricing

Cash flow is always a prime consideration for law firms, as they are essentially a cash-driven business with little in the way of reserve capital.…

Thomson Reuters Institute November 18, 2020

Are Legal Pricing and Legal Project Management becoming victims of their own success?

I recently had the pleasure of moderating a fascinating discussion on the evolution of the pricing professional and the use of technology for matter pricing…

Rob Stote November 16, 2020

Lessons learned in 2020: A video recap from the COO & CFO Forum  

Most legal industry pundits agree that 2020 has been a year that has not so much created new trends in the legal market, but rather,…

Thomson Reuters Institute November 10, 2020

For Mercado Libre’s GC, the goal of enabling business keeps his legal team focused & innovating

Not long ago, someone asked Jacobo Cohen Imach what had kept him doing the same work at the same company for the past 21 years.…

Gregg Wirth November 05, 2020

How to get more than your fair share of client spending

All successful law firms have one thing in common: The client base acts as the beating heart and the driving force for change. And the…

Genna Stainforth November 02, 2020

Meeting a lawyer’s need for psychological security: Why safety is more important now than ever

Almost everyone has heard of Abraham Maslow’s Need Hierarchy. It is a universal system of human striving, depicted as a pyramid with basic needs leading…

James Bailey October 28, 2020

How to normalize work-family policies usage within workplace culture

The late Supreme Court Justice Ruth Bader Ginsberg kept a photo hanging in her judicial chambers that showed her son gazing at his newborn baby.…

Rangita de Silva de Alwis October 27, 2020

CURIOUS MINDS: Law firms need to adopt a 21st century mindset, says Salesforces’ Wei Chen

We continue our monthly column, “Curious Minds”, created by Rose Ors to tap into the minds of legal innovators, disrupters, and out-of-the-box thinkers to learn…

Rose D. Ors October 27, 2020

How in-house counsel can understand & support companies’ risk tolerance

This blog post was written by David O’Connor, Senior Legal Editor for Practical Law at Thomson Reuters. Organizations across the globe are increasingly focusing on…

Practical Law October 20, 2020