Discussing the Outlook for the Legal Industry
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The legal industry continues to rebound from the effects of the pandemic, but much uncertainty still remains. The Thomson Reuters Peer Monitor Index hit a record high in the second quarter as demand returned to pre-pandemic levels or higher, and law firm profitability soared. But questions about the direction of the economy and global trade are many-fold, and the return-to-office trends for lawyers, firms and clients are still uncertain.
Paul Fischer, head of legal professionals, Thomson Reuters, and Mike Abbott, vice president of Market Insights & Thought Leadership discuss the progress the legal industry has made in recent months, as well the challenges that remain.