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Thomson Reuters Institute

Alternative Legal Service Providers Are Becoming Mainstream and Less “Alternative”

Alternative legal service providers (ALSPs) have accelerated their growth to a nearly $14 billion market share globally and are quickly becoming a mainstream segment of the legal market, a new study from Thomson Reuters Institute, the Center on Ethics and the Legal Profession at Georgetown Law and the Saïd Business School at the University of …

  • February 11, 2021
  • Carrie Brooker

Law Firm Business Leaders Report: A Cautiously Optimistic Outlook

Among the 2020 lessons learned in the legal space are the importance of operating a law firm like a business – understanding and anticipating the realities of the market and reacting quickly – and the need for skilled business professionals to effectively manage law firms. The 2020 Law Firm Business Leaders Report from Thomson Reuters …

  • December 1, 2020
  • Carrie Brooker

Navigating the New Risk Environment: Insights From the 19th Annual Law Firm COO & CFO Forum

Thomson Reuters Institute hosted the 19th Annual Law Firm COO & CFO Forum last week, and among the highlights was a session moderated by Haile Arrindell, director of Market Development for Global Large Law at Thomson Reuters. In the session A Fell Clutch of Circumstance: Navigating the New Risk Environment, panelists explored the risk environment that …

  • November 5, 2020
  • Carrie Brooker

Top Performing Firms Invest in Brand Development, Operational Efficiencies

What separates the top-performing law firms from the rest of the pack?  A new study looks at some of the differences.  The 2020 Dynamic Law Firms Report from Thomson Reuters Institute, Peer Monitor and Acritas, part of Thomson Reuters, looked at the top quartile of law firms, as measured by overall firm profits, revenue per …

  • October 22, 2020
  • Leonard Lee

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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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