Law Firm Profitability

Mercury Rising: Assessing the 2021 Report on the State of the Legal Market

Thomson Reuters, in partnership with Georgetown University Law’s Center on Ethics and the Legal Profession, is proud to announce the release of the 2021 Report…

Legal Executive Institute January 11, 2021

Year in review: In Q3 2020, lawyer headcount contracted for first time since 2009

Leading up to the release of the “2021 Report on the State of the Legal Market” on January 12, 2021, we will reexamine the tumultuous…

Isaac Brooks January 07, 2021

Small law firms in 2021: A chance to regroup and grow

Farewell to 2020. While I’m sure we’re all glad to see the start of something new, we can’t lose sight of the lessons from the…

Mark Haddad January 05, 2021

The long road back: Asian law firms are still coping with the devastating impact of the pandemic

Many months into the pandemic, law firms in Asia are still looking for ways to cope with COVID-19 and its impact. While some firms are…

Ranajit Dam January 04, 2021

Year in review: Q2 2020 & the pandemic shutdown

Leading up to the release of the “2021 Report on the State of the Legal Market” on January 12, 2021, we will reexamine the tumultuous…

Joe Blackwood December 23, 2020

A tale of two markets: “It was the best of times, it was the worst of times, …”

The global pandemic has had a measurable effect on all markets across the globe, and the legal industry has been no exception. While the first…

Joe Blackwood December 21, 2020

New videos: Law firm staffing & expenses — a state of the market update

This year, the legal market has seen law firms placing an increasing emphasis on data-driven decision making, particularly with regard to how firms manage their…

The Thomson Reuters Institute December 18, 2020

Year in review: In Q1 2020, a reversal of fortunes

Leading up to the release of the “2021 Report on the State of the Legal Market” on January 12, 2021, we will reexamine the tumultuous…

Isaac Brooks December 17, 2020

COO & CFO Forum: What do clients want? Law firms pivot and adapt throughout the pandemic, panel says

There’s no doubt that the COVID-19 pandemic has changed the way businesses serve their clients, likely forevermore. Businesses have rapidly moved purchasing options online, or…

Sameena Kluck December 15, 2020

Small law firm business leaders see challenges, opportunities in the coming year, says new report

In today’s legal market, it’s vital that law firms learn to run effectively as businesses. Many are making strides in that direction, yet partners and…

Thomson Reuters Institute December 10, 2020

Small law attorneys need to ease their administrative burden, optimize their profit potential

The Rolling Stones once sang "time is on my side"; however, lawyers at small law firms may not be able to say the same. According…

Mark Haddad December 08, 2020

How to calculate the success of your client relationships now to work smarter in 2021

Improving the client experience is perennially top-of-mind for most law firms — and as we head into 2021, it’s more important than ever. Throughout the…

Jen Dezso December 07, 2020