Law Firm Profitability

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…

Thomson Reuters 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 —…

Thomson Reuters 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…

Thomson Reuters 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

APIs: The cardiovascular system of the legal platform

Previously, we discussed how platforms create an ecosystem or environment that allow people and businesses to interact and accomplish tasks and ultimately create a network…

Joseph Raczynski August 12, 2020

How will legal operations teams shape the “New Normal” for legal?

The “new normal” is something more to be guessed at than completely understood at this point, as there remains a high degree of uncertainty around…

Bill Josten August 11, 2020

Amid COVID-19 pandemic, legal demand drops in Q2, impacting PMI

The first quarter of 2020 was able to stay strong in the face a COVID-19 pandemic that was still in its infancy in the United…

Thomson Reuters Institute August 10, 2020

What are the best legal operations use cases supported by app development platforms?

In the first part of this series, we discussed some of the potential value propositions of enterprise software vendor app development (App Dev) platforms within…

Kenneth Jones August 06, 2020