Discussing the Outlook for the Legal Industry
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.