Law Firm Profitability

Understanding how the client’s business makes money: A critical step for all lawyers

Amid the current pandemic crisis, the impact felt by law firms and their clients has been great; and this pressure has ratcheted up the necessity…

Nancey Watson September 24, 2020

PMI Q2 analysis: Top of market law firms largely driving rate growth

The second quarter of 2020 was marred by near unprecedented global uncertainty. The COVID-19 pandemic was still in its infancy, and no one at the…

Joe Blackwood September 17, 2020

ON LEADERSHIP: “Have a plan and then execute that plan,” says Jonathan Skeeters, Managing Partner at Bradley

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 September 16, 2020

Lawyer productivity under attack: How to fight back

Remote working has proven to be largely a success — at least from the perspective of lawyer well-being. The impact of remote working on lawyer…

Jen Dezso September 14, 2020

Australia: State of the Legal Market 2020 — Growth amid the storm

Despite turmoil in the global economy brought on by the COVID-19 pandemic, the 30,000-foot view of the Australian legal market looks relatively rosy compared to…

Legal Executive Institute September 09, 2020

Acritas Asia Pacific Law Firm Brand Index: Amid the pandemic, 2 law firms dominate

Despite the disruption around the world caused by the COVID-19 pandemic, two powerhouse large law firms — King & Wood Mallesons and Baker McKenzie —…

Legal Executive Institute September 08, 2020

PMI Q2 analysis: Small headcount shifts creep into Q2 results

As the second quarter of this year ended, the large law firm market still was grappling with the effects of the COVID-19 global pandemic. Stay-at-home…

Isaac Brooks August 26, 2020

Why collaboration is (usually) doomed to fail — and how to buck the odds

The economics are straightforward: Those law firms that are able to serve corporate legal buyers in more work types and across more geographic areas can…

Jen Dezso August 24, 2020

The Am Law 200: “Envy and its Discontents”

This 3-part series was written by Bruce MacEwen and Janet Stanton of Adam Smith, Esq. In the previous installment of this three-part series analyzing the recently…

Legal Executive Institute August 19, 2020

State of the Legal Market Midyear Update

Given the massive upheaval in the economy since the onset of the global pandemic, there has been an increased focus by legal business leaders to…

The Thomson Reuters Institute August 17, 2020

Law Firm Partner Profits: What really stands in the way of profit growth?

Even before the onset of the global pandemic, law firms of all sizes were concerned about how to continue growing their bottom line into the…

Bill Josten August 17, 2020

Economic upheaval is an opportunity for “reimagining law firms,” panel says

A months-long pandemic, the largest protest movement in U.S. history, an uncertain economic outlook — or in other words, the perfect context in which to…

Peter Neal August 14, 2020