Practice Management

Virtual client interviews: An effective way to engage clients & grow business (even during a pandemic)

Corporate clients commonly say that the lawyers in their outside law firms “need to understand my business.” But what does this mean? Having facilitated scores…

The Thomson Reuters Institute December 28, 2020

New videos: Law firm staffing & expenses — a state of the market update

This year, the legal market has seen law firms placing an increasing emphasis on data-driven decision making, particularly with regard to how firms manage their…

The Thomson Reuters Institute December 18, 2020

D&I Case Study: How Drew Eckl & Farnham increased diversity at senior levels

At U.S. law firms, the representation of lawyers from an underrepresented groups within the partnership ranks has stagnated for years, increasing less than 5% for…

Natalie Runyon December 16, 2020

Small law attorneys need to ease their administrative burden, optimize their profit potential

The Rolling Stones once sang "time is on my side"; however, lawyers at small law firms may not be able to say the same. According…

Mark Haddad December 08, 2020

ON LEADERSHIP: “We decided that the firm needed to embrace the new normal,” say Timothy Volpe & Gif Thornton of Adams and Reese

We continue our bi-monthly column, On Leadership, created by Rose Ors for Thomson Reuters. Each installment will feature conversations with law firm CEOs or Managing Partners…

Rose D. Ors December 03, 2020

The Thomson Reuters Institute: Insights, Thought Leadership & Engagement

Today we are pleased to launch the Thomson Reuters Institute, which will bring together people from across the Legal, Corporates, Tax & Accounting, and Government…

Thomson Reuters Institute December 01, 2020

New video: Examining attorney compensation systems in 2020

Are today’s attorney compensation systems adequate to compensate lawyers for the realities of what their work looks like in the current legal environment? That topic…

The Thomson Reuters Institute November 30, 2020

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