Friday 16th Sep 2022
A lot of attention has been paid lately to lateral hiring and associate compensation, but changes are also taking place in law firm staffing. Thomson Reuters Institute recently completed its annual analysis on law firm staffing ratios. Today, we’ll talk about what the new trends are with Isaac Brooks, senior industry data analyst, and Natalie ...
Thursday 28th Oct 2021
As Osborne Clarke moves swiftly to digitally unify its future-focused international legal practice of more than 925 lawyers across 25 worldwide locations, it is adopting Thomson Reuters 3E Cloud and 3E Cloud Care to provide global enterprise business management. “The investment in 3E demonstrates our commitment to a cloud-first IT strategy that provides our people ...
Wednesday 7th Apr 2021
Midsize firms may possess competitive advantages as the legal market emerges from the disruptions caused by the global pandemic. The 2021 Report on the State of the Midsize Legal Market from the Thomson Reuters Institute looks at how midsize firms weathered the challenges of 2020, and the opportunities that may lie ahead. Midsize firms proved ...
Tuesday 2nd Feb 2021
Law firms finished 2020 on an optimistic note. Weakness in demand moderated, rates remained high, and firms were able to reduce several key costs. As a result, the Thomson Reuters Peer Monitor Index (PMI), which measures key law firm performance indicators hit a near-record high in the fourth quarter of 2020. Demand for law firm ...
Tuesday 12th Jan 2021
While 2020 brought unprecedented challenges for law firms, history may look back and see the year as a “tipping point” that accelerated significant changes in the law firm market. The 2021 Report on the State of the Legal Market from the Center on Ethics and the Legal Profession at Georgetown University Law Center and the ...
Tuesday 18th Aug 2020
Thomson Reuters HighQ today rolled out version 5.4 of its cloud-based productivity solution. The new version seamlessly integrates Contact Express into a single solution, allowing more powerful document automation. Contract Express templates can be used to generate and store documents natively within HighQ, enabling the user to integrate and establish workflows, collaborate, co-author, and utilize ...
Tuesday 7th Apr 2020
Law firms, as well as their attorneys and staff, are facing unique circumstances and firm leaders are dealing with new challenges in managing their business, as well as their employees. The Thomson Reuters Institute is presenting a series of webinars to help law firm leaders navigate in uncertain times. Together, these webinars can offer valuable ...
Tuesday 3rd Mar 2020
Blakes is ranked as the top Canadian law firm brand for a fifth consecutive year, according to the 2020 Canadian Law Firm Brand Index from Acritas, now part of Thomson Reuters. McCarthy Tétrault, the runner-up, has steadily held that position over the same period of time, and this year managed to close the gap slightly ...
Tuesday 21st Jan 2020
Baker McKenzie, DLA Piper and Clifford Chance top the latest Acritas Global Elite Brand Index, as the firms most top of mind and most favored by corporate clients with more than US$1B in global revenues, as well as most considered for multi-jurisdictional deals and litigation. Baker McKenzie has increased its lead atop the index for ...
Monday 4th Nov 2019
Demand for large law firm services surged in the third quarter to one of its highest levels since the end of the recession. The Thomson Reuters Peer Monitor Economic Index Report (PMI) says the PMI rose three points to 56 — its second consecutive quarterly gain. However, lagging productivity and rising costs dampened profitability slightly. ...
Friday 20th Sep 2019
“Now let me welcome everybody to the Wild Wild West A state that’s untouchable like Eliot Ness” -Tupac Shakur Is the practice of law in west coast states really untouchable? Rules on law firm ownership and nonlawyer ability to provide legal delivery services could be changing in some western American states, ushering in possibilities of ...
Monday 9th Sep 2019
The increasing use of alternative legal service providers (ALSPs) is redefining the legal space, and the July/August 2019 issue of The Practice, from Harvard Law School’s Center for the Legal Profession, focused on this change. It featured an interview with Brian Peccarelli, chief operating officer of Customer Segments for Thomson Reuters. He shared his perspective ...
Monday 5th Aug 2019
The large law firm market regained its footing somewhat in the second quarter. After a weak start to the year, demand rebounded in Q2 and rate growth remained strong, lifting the Thomson Reuters Peer Monitor Economic Index (PMI) three points to 53. However, productivity continues to fall, dampening profitability. Demand for law firm services rose ...
