Alternative legal services providers (ALSPs) make up a $20.6 billion segment of the legal market and growth is accelerating dramatically, according to the Alternative Legal Services Providers 2023 Report. Legal Current shares a by-the-numbers look at top findings from the ALSP report, which is issued biennially by the Thomson Reuters Institute; the Center on Ethics …
Information and commentary on the business and practice of law at Thomson Reuters.
Articles
2023 Report on the State of the Legal Market: Reactions from the Legal Industry
Journalists, bloggers, and industry influencers are interpreting findings of the 2023 Report on the State of the Legal Market, issued last week by the Thomson Reuters Institute and the Center on Ethics and the Legal Profession at Georgetown Law. They’re focusing on findings showing a drop in demand for services, an uncertain economic outlook, lower …
2023 Report on the State of the Legal Market: 10 Takeaways
A year of uncertainty awaits law firms, with multiple factors threatening profitability, including falling demand and productivity, rising expenses, shifting client outlooks, and inflation. These are among the findings of the 2023 Report on the State of the Legal Market, issued today by the Center on Ethics and the Legal Profession at Georgetown Law and …
Practical Law The Journal: Same Great Content, New Digital Format
Practical Law The Journal now publishes monthly in a new digital-only format hosted on Reuters.com. This is a big shift for the magazine, which emerged as a staple in the legal industry and has been in print for 14 years and published over 160 issues. Legal Current reached out to the Practical Law The Journal …
State of the Legal Market Report: Predicting the Factors That Will Shape 2023
Ahead of the 2023 Report on the State of the Legal Market – the annual report issued jointly by the Center on Ethics and the Legal Profession at Georgetown Law and the Thomson Reuters Institute – Legal Current is looking back at the trends that shaped the industry in 2022. The 2023 report, which Thomson …
2022 Highlights: Celebrating 150 Years of Customer Partnership and Innovation
As 2022 winds down, Legal Current is reflecting on the Legal Professionals business’s milestones from the year. Today we look back at Thomson Reuters commemorating 150 years of customer partnership and innovation in honor of the 1872 founding of John B. West Publisher and Book Seller. The organization founded in 1872 was the first iteration …
Thomson Reuters Celebrates 150 Years: Andy Martens on the Criticality of Editorial Work
Thomson Reuters is commemorating 150 years of customer partnership and innovation to honor the 1872 founding of John B. West Publisher and Book Seller. West’s innovative spirit lives on in Westlaw – a product that still carries his name – and in the AI-driven products and legal research technology tools used by legal professionals worldwide. Our Legal Current series features voices across …
Thomson Reuters Celebrates 150 Years: Chris Fenne on the Evolution of KeyCite
Thomson Reuters is commemorating 150 years of customer partnership and innovation to honor the 1872 founding of John B. West Publisher and Book Seller. West’s innovative spirit lives on in Westlaw – a product that still carries his name – and in the AI-driven products and legal research technology tools used by legal professionals worldwide. Our Legal Current series features voices across …
2022 Highlights: Law Firm Financial Index Reports Highlight Trends in Law Firm Profitability
Legal Current’s year-in-review series looks back at 2022 milestones for the Legal Professionals business. Today we revisit the quarterly Law Firm Financial Index (LFFI) reports from the Thomson Reuters Institute. LFFI is a composite index of law firm market performance using real-time data drawn from major law firms in the United States and key international …
2022 Highlights: Westlaw Precision Improves Research Speed and Quality for Legal Professionals
As 2022 comes to a close, Legal Current is reflecting on the Legal Professionals business’s milestones from the year. Today we look at the debut of Westlaw Precision and how it’s dramatically improving research speed and quality for legal professionals. Its six new research capabilities – Precision Research, KeyCite Cited With, KeyCite Overruled in Part, …
