Law Firm Profitability

Q1 PMI shows signs that the law firm industry may be stabilizing

The large law firm market continued showing signs of stabilization in the first quarter of 2021, hinting at an ongoing revitalization in the market as…

Thomson Reuters Institute May 10, 2021

How law firms can maximize their Gen Z recruiting investments

Today, baby boomers are retiring and an increasing rate, and in the legal professional, this could have a significant impact. Even as the pool of…

Natalie Runyon May 06, 2021

After challenges of 2020, midsize legal market eyes growth opportunities in 2021

The 2021 Report on the State of the Midsize Legal Market highlighted the jarring changes that occurred in the legal industry in 2020. Changes that…

Jordan Schuetzle May 05, 2021

Amazon law & innovation take center stage at Legal Geek’s Uncertain Decade summit

What do you enjoy about your Amazon experience? Likely everything. The company’s success is derived from a few simple words of company CEO Jeff Bezos’…

Joseph Raczynski May 03, 2021

Remote working may be largest factor in law firms’ real estate decisions

As the global pandemic’s overall impact on the legal industry continues to be felt, one area that’s likely to be dramatically altered — perhaps irreversibly…

Gregg Wirth April 28, 2021

How poor value in legal service delivery can cost law firms big

The impact of delivering poor value can be devastating to your firm’s key client relationships; yet this is typically a concept intuitively understood — but…

Jen Dezso April 27, 2021

Lessons from small law firm business leaders

We’ve covered many important topics in this series on securing your practice’s future, ranging from how to develop and execute a strategic plan, to managing…

Mark Haddad April 22, 2021

State of the UK Legal Market 2021: New report highlights the need for greater value & stronger relationships

Clients in the United Kingdom are increasingly looking for law firms willing to invest in building long-term trusted relationships and a deep understanding of their…

Thomson Reuters Institute April 15, 2021

CodeX FutureLaw 2021: Computational contracts create a Big Bang in legal

The bleeding edge of the legal industry is now building interfaces at the intersection of code and law through computational contracts. These computational contracts (sometime…

Joseph Raczynski April 12, 2021

The department & practice group leader’s role in sales management

The role of practice group leaders is changing. And new and seasoned department and practice group leaders will be wise to expand client relationships and…

Silvia Coulter April 08, 2021

2021 Report on the State of the Midsize Legal Market: Resilience among midsize law firms may offer competitive advantages

Despite daunting challenges, midsize law firms flexed their creativity and agility to prove themselves surprisingly resilient in 2020, according to the new 2021 Report on…

Thomson Reuters Institute April 07, 2021

Legal real estate: What will the law office of the future look like?

The long-term impact of the global pandemic on the legal industry likely is going to be felt in numerous ripples, both big and small, across…

Gregg Wirth April 05, 2021