Law Firm Profitability

Citi/Hildebrandt 2016 Advisory: The Imperative for Change Intensifies

The financial results reporting season has begun in earnest. Last week, Citi Private Bank and Hildebrandt Consulting released their “2016 Citi/Hildebrandt Client Advisory.” Last year’s…

Ralph Baxter December 23, 2015

Citi/Hildebrandt 2016 Client Advisory: Pulling the Right Levers

The 2016 Citi Hildebrandt Client Advisory from Citi Private Bank (in partnership with Hildebrandt Consulting) is out. This is one of the major annual reports…

David Curle December 18, 2015

Video Interview: Automated Contracts Optimize a Firm’s Efficiency, says Kingsley Martin, President & CEO of KM Standards

Ralph Baxter, chairman of Thomson Reuters' Legal Executive Institute, speaks to Kingsley Martin, president and chief executive officer of KM Standards, at the recent COO…

Thomson Reuters Institute December 18, 2015

Changing Course: Can Large Law’s Partnership Model Survive?

The partnership model in large law firms is under attack. Blog posts on this site by Ralph Baxter and Bruce MacEwen, and others in the…

Sameena Kluck December 14, 2015

White Paper: Important Considerations for Mid-Range E-Discovery Data Collection

Data collection during e-discovery is critically important because a significant number of court sanctions are the result of inadequate or improper data collection. A new…

Thomson Reuters Institute December 07, 2015

FORUM Magazine Infographic: More Legal Work is Moving In-House — Navigating the “New Normal”

When the economy crashed in 2008, legal departments first attempted to control costs by negotiating with their outside vendors. Increasingly, companies have realized that the…

Thomson Reuters Institute November 25, 2015

Big Data & Its Applications: What Are Lawyers Worried About?

Law firms are doing a fine job collecting massive amounts of data about their customers and own operations, but are failing to make good use…

Gregg Wirth November 23, 2015

Danger in the Shadows

Alternative fee arrangements (AFAs) remain a hot topic for discussion among law firms. A recent ALM report showed that 81% of respondents expected more non-hourly…

Bill Josten November 20, 2015

The Emerging Legal Marketplace: Changing Client Behaviors & Implications for the Law Firm Model

Corporate clients are steadily changing the way they access legal service. The changes have profound significance for every competitor which seeks to serve that market.…

Ralph Baxter November 17, 2015

Law Firm of the Future — The Trinity of Forces: Infinite Processing Power, Memory and Algorithms

Within the next decade, it is predicted that 40% of Fortune 500 companies will no longer exist, according to a Babson Olin School of Business…

Joseph Raczynski November 05, 2015

FORUM Magazine Exclusive: Beyond PPP — New Approaches for Measuring Law Firm Performance

Whether you are opposed to the Profits-Per-Partner (PPP) metric as distorting and reductionist, supportive in the name of transparency and openness, or simply resigned to…

Thomson Reuters Institute November 03, 2015

Live Blog: CFO & COO FORUM — Managing Your Law Firm in a Changing Market

NEW YORK — The first panel of the Legal Executive Institute’s 14th Annual Law Firm COO & CFO Forum aptly set the stage for the…

Gregg Wirth October 29, 2015