The law firm market rebounded in the first quarter due to improved growth and surging rates, according to the Q1 2023 Thomson Reuters Law Firm Financial Index (LFFI) powered by Financial Insights. However, the Thomson Reuters report noted that the recovery was uneven and uncertainty remains as to the direction of the market going forward. …
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Law Firm Talent Strategy: Impact of Engagement, Culture, and Compensation
Amid stiff competition for legal talent, culture is king. That’s among the key takeaways from the 2022 Stellar Performance report, which explores how engagement, culture, and compensation shape law firms’ talent strategies. Released yesterday by Thomson Reuters Institute, the report features findings from a survey of nearly 2,500 “stand-out” lawyers in 60 countries, 89% of …
2021 Highlights: Can Law Firms Retain Talent in a Cooling Legal Market?
With the year winding down, Legal Current is looking back at the milestones and key accomplishments from the Legal Professionals business of Thomson Reuters. Today we highlight a recent episode of Law.com’s Legal Speak podcast that featured ALM Business of Law Reporter Andrew Maloney talking with Bill Josten, manager of enterprise content for Thomson Reuters. …
One Innovative Method for Tackling Gender Biases in Hiring & Talent Development
Everyone thinks they are fair and objective, but the reality is that everyone has biases. As humans, we are biased without knowing when we are and in what situations the bias may show up, which is commonly termed as “unconscious” or “implicit” bias. To mitigate the impact of these unconscious biases, it’s important to consciously …
FindLaw survey: Internet is now the most popular way to find a lawyer
Long gone are the days of flipping through the Yellow Pages to find an attorney. According to a new survey by FindLaw.com, consumers are most likely to turn to the Internet to find and research a lawyer before hiring them. Thirty-eight percent of people surveyed said they would use the Internet to help them find …
