Efficiency

Growth for midsize law firms in 2021: Where to find new opportunities?

Who would have guessed in March of last year that midsize law firms, indeed law firms of all sizes, would see growth in their profits…

Barb McGivern January 19, 2021

Webinar: New PPP loan legislation carries tax & compensation considerations

The recently enacted fourth round of COVID-19-related legislative relief that was signed into law on December 27, 2020 looked to re-open and expand this critical…

Thomson Reuters Institute January 14, 2021

Which path for my law firm: Data warehouse or data lake?

Data-driven decision making has become an important topic among law firm leadership as they notice the success of progressive law firms that have established effective…

Todd Painter January 12, 2021

2021 Report on the State of the Legal Market: An “inflection point” for law firms

The 2021 Report on the State of the Legal Market, issued today by the Center on Ethics and the Legal Profession at Georgetown University Law…

Thomson Reuters Institute January 12, 2021

Small law firms in 2021: A chance to regroup and grow

Farewell to 2020. While I’m sure we’re all glad to see the start of something new, we can’t lose sight of the lessons from the…

Mark Haddad January 05, 2021

The long road back: Asian law firms are still coping with the devastating impact of the pandemic

Many months into the pandemic, law firms in Asia are still looking for ways to cope with COVID-19 and its impact. While some firms are…

Ranajit Dam January 04, 2021

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

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 one midsize law firm is innovating and driving change

Esther Bowers, director of Practice Management at Honigman, says that she’s focused much of her efforts during her legal career on advancing law firm interests…

Natalie Runyon December 10, 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

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