Law Firms

If not now, when? Small law firms need to improve their business development

There’s a good reason I have written extensively about why small law firms need to improve their business development acumen. Small law firm leaders themselves…

Mark Haddad November 23, 2020

New Video: Focusing on client-driven changes to law firm pricing

Cash flow is always a prime consideration for law firms, as they are essentially a cash-driven business with little in the way of reserve capital.…

Thomson Reuters Institute November 18, 2020

Lawyer wellbeing is crucial to law firm sustainability, says new Acritas report

Last year, about half of lawyers that were interviewed and designated as Acritas Stars said they felt their performance had been affected by mental or…

Acritas November 18, 2020

Work from Home weighs heavily on ILTA’s 2020 Annual Legal Technology Survey

It’s out! In a year unlike any of the 30 previous annual surveys, the 2020 International Legal Technology Association's (ILTA's) Annual Survey breaks down the…

Joseph Raczynski November 17, 2020

Are Legal Pricing and Legal Project Management becoming victims of their own success?

I recently had the pleasure of moderating a fascinating discussion on the evolution of the pricing professional and the use of technology for matter pricing…

Rob Stote November 16, 2020

Law firm business leaders guarded on economy, bullish on the future, says new report

Law firms must be able to run effectively as a business. This has been true for a long time, and it has become all the…

Thomson Reuters Institute November 11, 2020

Legal Geek Conference 2020: The ultimate technological experience

LONDON — This year is testing every single promise ever made by technology providers or firm managements that their systems were agile, responsive, and available…

Matt Seys-Llewellyn November 11, 2020

Lessons learned in 2020: A video recap from the COO & CFO Forum  

Most legal industry pundits agree that 2020 has been a year that has not so much created new trends in the legal market, but rather,…

Thomson Reuters Institute November 10, 2020

Retention of women and lawyers of color is driven by seeing diversity among firm partners

Nicole Fanjul says she chose law as her profession after seeing a close family member engage with the legal system for the first time. “I…

Natalie Runyon November 09, 2020

Collaboration is key to maximizing share of clients’ legal spend

Many law firms dream of gaining a larger share of their clients’ legal spend, especially during difficult economic times like the market is experiencing now.…

Lisa Hart Shepherd November 09, 2020

Amid the pandemic, Big Law gains back some ground, according to Q3 PMI

The large law firm market recovered some ground in the third quarter amid cross-currents of low demand, high rates, and reduced expenses. These competing and…

Thomson Reuters Institute November 09, 2020

Indomitable Growth

The majority of law firms have targeted programs to help them create strong, long-lasting client relationships. But do these programs match up with what the…

Legal Executive Institute November 05, 2020