The legal industry’s intense talent war is driving up costs for firms, but the uptick in compensation isn’t decreasing record-high attorney turnover rates. Join Thomson Reuters and the Center on Ethics and the Legal Profession at Georgetown Law for an in-depth look at this and other findings of the 2022 Report on the State of …
Information and commentary on the business and practice of law at Thomson Reuters.
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Thomson Reuters Q4 2021 PMI: Strong Performance Tempered by Increasing Expenses
Last year closed with strong performance across key law firm metrics – including demand, rates, and productivity – but the positives were tempered by the intense talent war driving up compensation costs, according to the Thomson Reuters Peer Monitor Economic Index (PMI), released today. The fourth-quarter 2021 PMI, a composite index of law firm market …
Reuters Legal News Debuts Customizable News Experience
Thomson Reuters today introduced Reuters Legal News features that enable globally minded individuals and legal professionals to customize their news experience and go deeper on industry topics and subjects that are most valuable to them and their work. Reuters Legal News provides unmatched, industry-leading coverage of legal news, including deep practice area and business of law reporting. Additionally, it includes legal insights and …
It’s About More Than Money: Lawyers Want to Contribute to the Greater Good
Legal professionals in 2022 have different attitudes and expectations than they had before the pandemic for deciding whether to stay in their current positions or leave. As lawyers’ work preferences shift, an intense talent war is under way in the legal industry. A new Thomson Reuters survey, Finding purpose and having a social impact: Lawyers …
Attorneys Share How Their Work Provides a Sense of Purpose
Nearly 100% of lawyers say their work provides them with a significant sense of professional purpose. That’s among the key takeaways from Finding purpose and having a social impact: Lawyers and tax professionals speak out, a new survey from Thomson Reuters. The survey asked thousands of attorneys – those in law firms and in-house …
Thomson Reuters Introduces Westlaw UK Dockets
Westlaw UK Dockets, an enhancement including more than 230,000 court dockets, will be available on Westlaw Edge UK and Westlaw UK – and to Dockets subscribers in the United States – beginning Feb. 2. Initially, it will include dockets from the High Court, with additional UK courts’ proceedings added over time. A docket – a record …
The Financial Literacy Project: Empowering Individuals to Achieve Financial Wellbeing
Thomson Reuters is partnering with the American Bar Association’s Tort Trial and Insurance Practice Section (TIPS) on The Financial Literacy Project, which empowers individuals to achieve sustained financial wellbeing. The project’s free online curriculum includes educational videos, tools, and resources for individuals to use to increase their financial knowledge and skills. The project promotes economic …
Baker McKenzie, DLA Piper, and Clifford Chance Top the 2022 Global Elite Law Firm Brand Index
Baker McKenzie retained the top spot for the 12th consecutive year in the 2022 Global Elite Law Firm Brand Index, released today by Thomson Reuters. DLA Piper remained second on the list, while Clifford Chance jumped two spots to third place. The results reflect the value clients place on building strong relationships as well as …
Reactions to the 2022 Report on the State of the Legal Market
Last week, Legal Current shared the five key takeaways from the 2022 Report on the State of the Legal Market, which explored why law firms can’t just keep throwing money at the growing talent war. Today, we highlight takes from journalists, bloggers and industry influencers on the report findings. Many focused on the industry’s retention …
Five Takeaways from the 2022 Report on the State of the Legal Market
Law firms can’t just keep throwing money at the growing talent war. That’s among the key findings of the 2022 Report on the State of the Legal Market, published today by the Center on Ethics and the Legal Profession at Georgetown Law and the Thomson Reuters Institute. The report relies on data from Thomson Reuters …
