Law firm business leaders are optimistic about their outlook but are increasingly concerned about rising competition for talent including how to acquire, retain, and pay staff. These are among the key takeaways of the 2021 Law Firm Business Leaders Report, released today by Thomson Reuters. Legal Current breaks down the report findings on what’s keeping …
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COVID-19
A Region in Rebound: Changes Shaping the Growing European Legal Market
Globally, the legal industry has been hit hard by the uncertainty and upheaval of the COVID-19 pandemic, and mainland Europe was not an exception. Corporations across Europe contended with the impact of the pandemic alongside fallout from the UK’s exit from the European Union, yet the 2021 State of the Legal Market in Europe report …
WomenTech Global Conference: Insights from Thomson Reuters Women Leading Legal Tech
Several Thomson Reuters leaders participated in last week’s WomenTech Global Conference, a virtual conference uniting 100,000 women in tech to foster innovation. Among the Thomson Reuters presenters at the event were: Rawia Ashraf, vice President of Product – Legal Practice and Productivity, who discussed the importance of product and technology teams sharing the same vision …
Thomson Reuters Legal SYNERGY2021: Contracts, Commuting, and COVID: Reimagining Law in the Workplace
It’s Day 2 of the Thomson Reuters Legal SYNERGY user conference, where legal professionals from the U.S., Canada, the UK and Europe are gathering virtually for product sessions and continuing legal education as well as opportunities to network with peers and hear from fascinating guests. Throughout the conference, Legal Current is sharing presenters’ SYNERGY session …
Thomson Reuters Legal SYNERGY2021: Westlaw, Practical Law and Legal Tracker Session Highlights
On June 1-3, Emmy Award-winning writer and comedian Seth Meyers will host legal professionals from the U.S., Canada, the UK and Europe for the Thomson Reuters Legal SYNERGY user conference. Ahead of the virtual conference, Legal Current is previewing the more than 60 educational sessions that will help attendees better navigate today’s environment, manage their …
Pandemic Nation: How COVID Affects Career Progression for Women Lawyers and Lawyers of Color
The impact of COVID-19 on women lawyers and lawyers of color is explored in “Pandemic Nation: Understanding Its Impact on Lawyers from Underrepresented Communities,” a white paper released yesterday from the Association of Corporate Counsel Foundation (ACCF), the Association of Law Firm Diversity Professionals (ALFDP) and Thomson Reuters Institute. The white paper examines results of …
Thomson Reuters State of the UK Legal Market 2021: Client Relationships Are Critical
While a firm’s reputation for quality and technical expertise still matter, clients are increasingly looking for law firms willing to invest in building long-term trusted relationships and a deep understanding of their business operations. At the same time, the ongoing disruptions in the legal market are resulting in renewed pricing and competitive pressures. These are …
Insights from the Thomson Reuters Legal Geek Takeover: COVID-19 – Catalyst for Change
Thomson Reuters recently hosted a Legal Geek takeover, a half day of virtual sessions on legal innovation, technology and trends. Among the highlights was the COVID-19 – Catalyst for Change session hosted by Elizabeth Duffy, senior director of Global Client Services for Thomson Reuters. The session explored how the pandemic has provided opportunities for corporate …
2020 State of the Legal Market in Europe: Opportunities for Firms Willing to Adapt and Invest
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 …
Drop in Demand for Law Firm Services Moderates in the Third Quarter: Peer Monitor Index
For many American law firms, the second quarter was an abrupt shock to the system. Yet it also provided ample time to chart a path forward, and firms did just that in the third quarter. The decline in demand for law firm services moderated in the third quarter as rates rose and firms took steps …