A year of uncertainty awaits law firms, with multiple factors threatening profitability, including falling demand and productivity, rising expenses, shifting client outlooks, and inflation. These are among the findings of the 2023 Report on the State of the Legal Market, issued today by the Center on Ethics and the Legal Profession at Georgetown Law and …
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State of the Legal Market Report: Predicting the Factors That Will Shape 2023
Ahead of the 2023 Report on the State of the Legal Market – the annual report issued jointly by the Center on Ethics and the Legal Profession at Georgetown Law and the Thomson Reuters Institute – Legal Current is looking back at the trends that shaped the industry in 2022. The 2023 report, which Thomson …
2022 Highlights: Celebrating 150 Years of Customer Partnership and Innovation
As 2022 winds down, Legal Current is reflecting on the Legal Professionals business’s milestones from the year. Today we look back at Thomson Reuters commemorating 150 years of customer partnership and innovation in honor of the 1872 founding of John B. West Publisher and Book Seller. The organization founded in 1872 was the first iteration …
Thomson Reuters Celebrates 150 Years: Andy Martens on the Criticality of Editorial Work
Thomson Reuters is commemorating 150 years of customer partnership and innovation to honor the 1872 founding of John B. West Publisher and Book Seller. West’s innovative spirit lives on in Westlaw – a product that still carries his name – and in the AI-driven products and legal research technology tools used by legal professionals worldwide. Our Legal Current series features voices across …
Thomson Reuters Celebrates 150 Years: Chris Fenne on the Evolution of KeyCite
Thomson Reuters is commemorating 150 years of customer partnership and innovation to honor the 1872 founding of John B. West Publisher and Book Seller. West’s innovative spirit lives on in Westlaw – a product that still carries his name – and in the AI-driven products and legal research technology tools used by legal professionals worldwide. Our Legal Current series features voices across …
2022 Highlights: Law Firm Financial Index Reports Highlight Trends in Law Firm Profitability
Legal Current’s year-in-review series looks back at 2022 milestones for the Legal Professionals business. Today we revisit the quarterly Law Firm Financial Index (LFFI) reports from the Thomson Reuters Institute. LFFI is a composite index of law firm market performance using real-time data drawn from major law firms in the United States and key international …
2022 Highlights: Westlaw Precision Improves Research Speed and Quality for Legal Professionals
As 2022 comes to a close, Legal Current is reflecting on the Legal Professionals business’s milestones from the year. Today we look at the debut of Westlaw Precision and how it’s dramatically improving research speed and quality for legal professionals. Its six new research capabilities – Precision Research, KeyCite Cited With, KeyCite Overruled in Part, …
Thomson Reuters Celebrates 150 Years: Leann Blanchfield on Making the Most of Editorial Expertise
Thomson Reuters is commemorating 150 years of customer partnership and innovation to honor the 1872 founding of John B. West Publisher and Book Seller. West’s innovative spirit lives on in Westlaw – a product that still carries his name – and in the AI-driven products and legal research technology tools used by legal professionals worldwide. Our Legal Current series features …
Security Concerns, Economic Pressures Are Biggest Threats to Law Firm Profitability
Security concerns and economic pressures have displaced competition for talent as the biggest threats to law firm profitability, according to the 2022 Law Firm Business Leaders Report from Thomson Reuters and the Georgetown Law Center on Ethics and the Legal Profession, and True Value Partnering Institute. The report explored the top risks to law firm …
2022 Report on the State of U.S. Small Law Firms: Five Takeaways
Small law firms are increasingly optimistic about their growth outlook, according to the 2022 Report on the State of U.S. Small Law Firms Thomson Reuters. The report found small law firms anticipate challenges ahead yet expect growth over the next 12 months and next three years. Legal Current shares key takeaways from the report, which …
