Law firms across Europe had just one major challenge to overcome earlier this year: determining how to succeed in the post-Brexit market. Of course, the COVID-19 pandemic soon topped their list of challenges. To explore how European firms are addressing these twin pressures, Thomson Reuters examined extensive data from Sharplegal and Peer Monitor for the …
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Acritas
Canadian Corporate Law Departments Focus on Combining Effectiveness and Efficiency
Canada looked like a growth market for the legal profession when 2020 began, and as spend was expected to grow, in-house teams’ strategic priorities centered on two core areas: being more effective and efficient. Despite the COVID-19 pandemic and the global economic fallout, these primary goals have largely remained unchanged. These are among the findings …
Corporate Law Departments Turn to Technology to Mitigate Risk, Control Costs and Address Changing Business Needs
Corporate law departments are expected to meet growing demands for in-house legal professionals’ time, while cutting departmental spending and confronting changes in legal technology and process innovation. These are among the findings of the 2020 State of the Corporate Law Departments Report released today by Thomson Reuters. While the COVID-19 pandemic has affected corporate law departments, …
Top 20 Law Firm Brands in the U.S.
Jones Day is the top law firm brand in the U.S., according to the 2020 U.S. Law Firm Brand Index from Acritas, now part of Thomson Reuters. This is Jones Day’s fourth consecutive year atop the list. But after the number one spot, there has been a considerable reshuffling among the other brands. In fact, …
Competition Growing in UK Legal Market: New Entrants and US Firms Pursue Market Share
The UK legal market has a good track record of growth, with revenues up again in 2018-19. Yet the market faces rising competition from U.S. law firms and alternative legal service providers, including the Big 4 consulting firms. These are among the conclusions of a new 2020 State of the Legal Market in the UK …
Top 10 Canadian Law Firm Brands
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 …
2019 Highlights: HighQ and Acritas Join Thomson Reuters
As 2019 winds down, Legal Current is revisiting milestones and key accomplishments from the Legal business of Thomson Reuters this year. Today we look at two important acquisitions: HighQ and Acritas. HighQ, which offers a secure, cloud-based platform for business collaboration, workflow automation and client engagement, joined Thomson Reuters in July. When the deal was …
Thomson Reuters Acquires Acritas
Thomson Reuters has acquired Acritas, a market analysis, research and advisory services business serving the global legal market. Thomson Reuters has worked extensively with Acritas and we have much in common – most notably a shared passion and commitment to deliver market insights and industry-leading thought leadership that benefits our clients. “We are excited to …
Positioning Your Law Department to Stand Out
Today’s corporations need their law departments to provide legal support that enable them to maximize their competitive advantage, while simultaneously safeguarding against unnecessary risk. As in-house counsel contend with complex issues such as data privacy and regulatory compliance, they also need new approaches, such as effective project management and greater collaboration between in-house teams, outside …
East and West: State of the Legal Market in China 2019 Report
Imitation is often referred to as the sincerest form of flattery. When it comes to the legal market in China, there are perceptions that the Chinese business model for law firms is based on models from the West. There may be some truth to that, but there also are opportunities for firms in the West …