Law Firm Profitability

The more things change… the state of US small law firms in 2020

Small law firms are agile, adaptable, resilient, and yet, hesitant to change. Or so it would appear from the results of the 2020 Report on…

Mark Haddad November 04, 2020

How to get more than your fair share of client spending

All successful law firms have one thing in common: The client base acts as the beating heart and the driving force for change. And the…

Genna Stainforth November 02, 2020

COO & CFO Forum: The legal industry is learning to do hard things

The COVID-19 pandemic and economic crisis that ensued has dramatically altered how law firms have done business over the past eight months, and law firms…

Gregg Wirth October 29, 2020

Meeting a lawyer’s need for psychological security: Why safety is more important now than ever

Almost everyone has heard of Abraham Maslow’s Need Hierarchy. It is a universal system of human striving, depicted as a pyramid with basic needs leading…

James Bailey October 28, 2020

Successful law firms protect productivity with savvy and strong teams, according to the 2020 Dynamic Law Firms Report

What drives a successful law firm? Often, the answer involves learning from the success of other law firms. Lawyers are steeped in a culture that…

Thomson Reuters Institute October 22, 2020

Leveraging the cloud in the time of COVID-19: Stories from the storm front

COVID-19 and the social distancing requirements created by the ongoing pandemic forced law firms and legal organizations to re-engineer themselves and find new ways to…

Conrad Jacoby October 20, 2020

ON LEADERSHIP: “A strong culture of respect is foundational to our firm,” says KYL’s Esther Cho

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 October 19, 2020

New Acritas report shows how the pandemic has changed the future of legal work

The COVID-19 pandemic, the ensuing lockdowns and economic crisis have given many people a chance to reflect on their lives. Further, the dramatic switch to…

Acritas October 12, 2020

Positive outlook on remote on-boarding for incoming associates (and lateral hires)

In March as the pandemic began to change the way law firms approached many of their most basic functions, many firms were compelled to make…

Dr. Sharon Meit Abrahams October 06, 2020

Out Front: An LGBTQ Leadership Spotlight interview with Jim Ford, Partner & Chair of A&Out at Allen & Overy (part 2)

In the first part of the Thomson Reuters Institute’s interview with Jim Ford, Chair of A&Out (Allen & Overy’s global LGBTQ network), we discussed how…

Nicholas Giannini October 05, 2020

Out Front: An LGBTQ Leadership Spotlight interview with Jim Ford, Partner & Chair of A&Out at Allen & Overy (part 1)

Overseeing a global LGBTQ employee network is no small feat, especially at a law firm like Allen & Overy, one of the world’s largest and…

Nicholas Giannini September 29, 2020

Alternative fee arrangements in the legal industry: Recognizing firms that excel

While the popularity of alternative fee arrangements (AFAs) seemed to have plateaued in recent years — at least in terms of AFAs as a percentage…

Bill Josten September 28, 2020