Efficiency

Captive law firm ALSPs provide potential growth engines

To dissect some of the key findings of Thomson Reuters recent 2021 Alternative Legal Service Providers report, it makes some sense to start small, meaning…

Bill Josten March 17, 2021

Law firms looking to downsize real estate footprint

Cushman & Wakefield report cites lawyers & staff seeking more work flexibility & higher tech spending as factors The legal industry has long understood the…

Gregg Wirth March 16, 2021

Understanding the lessons of the pandemic and human nature at Legal Geek

The pandemic was “the great equalizer” for the legal industry, combining the good from before with the great from the now. A recent half-day virtual…

Joseph Raczynski March 15, 2021

How does a lawyer’s business understanding add value for clients?

Business understanding is a critical factor in the client-law firm relationship. It is something that clients consider to be a hallmark of their best relationships…

Lizzy Duffy March 03, 2021

Why the legal profession needs to care about ethics in AI

As the legal industry — like many similarly situated industries across world markets — increasingly embraces artificial intelligence (AI) to jump-start the automation, efficiency, and…

Gregg Wirth February 25, 2021

New podcast: The legal market in 2020 and beyond

Throughout the course of 2020, many stakeholders in the legal market found themselves seeking timely, accurate data to help guide decisions with a new fervor.…

Bill Josten February 23, 2021

State of the Legal Market analysis: Occupancy spend at multiyear lows

Like a massive wave, the insecurity and instability that has marked much of the global business world throughout 2020 is likely to leave a drastically…

Isaac Brooks February 16, 2021

Rise in worked rates in 2020 fueled by proportional shifts

There is much evidence that the large law firm market finds itself at a crossroads. Evidence of the approach toward a tipping point was laid…

Joe Blackwood February 08, 2021

ON LEADERSHIP: We see our firm as “a community of people who care about each other,” says Norton Rose’s Jeff Cody

We continue our bi-monthly column, On Leadership, created by Rose Ors for the Thomson Reuters Institute. Each installment will feature conversations with law firm leaders about…

Rose D. Ors February 03, 2021

PMI hits near-record high in Q4 as law firms show resiliency

Over the course of the global pandemic in 2020, large law firms implemented multiple strategies to address the industry challenges they were experiencing, leading to…

Thomson Reuters Institute February 02, 2021

Supercharging your clients’ business through the business of law

You are already doing a great job for your clients, but what else should you be doing? This business quandary has never rung truer in…

Michael Caplan February 01, 2021

Current uses & next-gen opportunities of standards within the legal industry

In comparison to other software verticals which tend to be dominated by major players like Microsoft, Salesforce, Oracle and others, legal technology is a fairly…

Kenneth Jones January 28, 2021