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profitability

2018 Legal Executive Forum: Shining a Light on Law Firm Profitability

The 2018 Legal Executive Forum kicked off with a presentation by Dr. Evan Parker, who explored the use of statistical models to illuminate a law firm’s profitability drivers and differentiators. Parker, managing director of Analytics & Research, LawyerMetrix, provided specific examples for how his company uses data science to help its clients set their “profitability …

  • June 14, 2018
  • Alex Cook

Solving the profitability problem

While overall demand for legal services is increasing, the share of corporate legal department spend going to large law firms is declining. The recent Great Recession redefined the approach corporate counsel employ in allocating legal spend. Corporate legal departments got innovative by necessity—finding high value in specialty law firms, bringing more work in-house, and by …

  • August 6, 2015
  • Susan Martin

Threats to profitability and opportunities for growth: A survey amongst the UK’s top 100 law firms

What do finance directors view as the most significant threats to commercial law firms’ profitability in the year ahead, and conversely, what are the key areas of growth? Thomson Reuters recently posed these questions, among others, to finance directors at some of the top 100 law firms in the UK in an annual survey. The …

  • April 24, 2014
  • Paul Sandell

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Stop the Great Resignation: Strategies to Minimize Law Firm Turnover

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Thomson Reuters Risk & Fraud Solutions

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Press Releases

Anti-Money Laundering Compliance Leaders Addressing New Requirements with Technology, Staff
MINNEAPOLIS-ST. PAUL, October 24, 2018 – The commencement of anti-money laundering (AML) requirements for financial institutions issued in May 2018 has caused increasing numbers of firms to shift their... Read more ...
Oct 24, 2018
Thomson Reuters Unveils New Legal Research Platform with Advanced AI: Westlaw Edge
MINNEAPOLIS-ST. PAUL, July 12, 2018 – Thomson Reuters today introduced Westlaw Edge, the latest advancement in legal research, providing legal professionals with the next generation of AI-driven legal search,... Read more ...
Jul 12, 2018
Thomson Reuters Legal Tracker LDO Index Notes Budget Squeeze, Prioritization of Cost Controls and Technology
Report details focus on legal operations, workload increase EAGAN, Minn. June 25, 2018 – For many corporate legal departments, budgets are not keeping up with the growing volume of... Read more ...
Jun 25, 2018

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