Filtered by tag:

State of the Legal Market

2019 Highlights: The State of the Legal Market

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 the “2019 Report on the State of the Legal Market,” released last January by the Thomson Reuters Legal Executive Institute and the Center on Ethics and the Legal Profession at …

  • December 20, 2019
  • Carrie Brooker

#AALL19: Fostering the NextGen Library Professional

“As client needs, expectations and behaviors are changing, we are seeing many firms adopt highly innovative approaches to drive greater efficiency, predictability and cost-effectiveness. Clients have more choices than ever for meeting their legal needs, and leading firms are now tailoring their strategies and delivery models to provide legal services in the manner that most effectively …

  • June 26, 2019
  • Jeff McCoy

Rebuilding the Law Firm Model: “2019 Report on the State of the Legal Market” From Georgetown Law & Legal Executive Institute

The legal market is evolving rapidly, and law firms should seize the opportunity to question long-standing assumptions and re-examine traditional business models that may not be suited for growing challenges such as competition from the likes of the Big Four and more-nimble alternative legal service providers (ALSPs). The “2019 Report on the State of the …

  • January 9, 2019
  • Leonard Lee

#LEIMPF2018 – Law Firms, Clients and Performance Evaluation

When relying on legal services, law firm clients traditionally had to accept law firms’ decisions on rates and assignments of who performed the work. Today clients have made a dramatic shift to what is now largely a “buyer’s market,” and are relying on data analytics and various technologies to more actively manage their external legal …

  • January 23, 2018
  • Alex Cook

Highly Successful Law Firms Have Greater Business Development, Marketing and Technology Focus

Some law firms have been able to notably outperform their peers even though the overall large law firm market is experiencing flat to little growth. A new report from the Thomson Reuters Legal Executive Institute suggests that investments in areas such as business development, marketing and technology may be a key factor defining the higher-performing …

  • September 6, 2017
  • Leonard Lee