A lot of attention has been paid lately to lateral hiring and associate compensation, but changes are also taking place in law firm staffing. Thomson Reuters Institute recently completed its annual analysis on law firm staffing ratios. Today, we’ll talk about what the new trends are with Isaac Brooks, senior industry data analyst, and Natalie …
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Osborne Clarke Powering Its Global Digital Transformation With 3E Cloud Care
As Osborne Clarke moves swiftly to digitally unify its future-focused international legal practice of more than 925 lawyers across 25 worldwide locations, it is adopting Thomson Reuters 3E Cloud and 3E Cloud Care to provide global enterprise business management. “The investment in 3E demonstrates our commitment to a cloud-first IT strategy that provides our people …
Do Midsize Firms Have a Competitive Advantage? 2021 Report on the State of the Midsize Legal Market
Midsize firms may possess competitive advantages as the legal market emerges from the disruptions caused by the global pandemic. The 2021 Report on the State of the Midsize Legal Market from the Thomson Reuters Institute looks at how midsize firms weathered the challenges of 2020, and the opportunities that may lie ahead. Midsize firms proved …
Cost Cuts, Higher Rates Drive Peer Monitor Index Higher
Law firms finished 2020 on an optimistic note. Weakness in demand moderated, rates remained high, and firms were able to reduce several key costs. As a result, the Thomson Reuters Peer Monitor Index (PMI), which measures key law firm performance indicators hit a near-record high in the fourth quarter of 2020. Demand for law firm …
2020 May Have Been a “Tipping Point” for Law Firms: 2021 Report on the State of the Legal Market
While 2020 brought unprecedented challenges for law firms, history may look back and see the year as a “tipping point” that accelerated significant changes in the law firm market. The 2021 Report on the State of the Legal Market from the Center on Ethics and the Legal Profession at Georgetown University Law Center and the …
Thomson Reuters HighQ Announces Version 5.4
Thomson Reuters HighQ today rolled out version 5.4 of its cloud-based productivity solution. The new version seamlessly integrates Contact Express into a single solution, allowing more powerful document automation. Contract Express templates can be used to generate and store documents natively within HighQ, enabling the user to integrate and establish workflows, collaborate, co-author, and utilize …
Webinars: Firm Business Development, Employee Mental Health During a Unique Business Environment
Law firms, as well as their attorneys and staff, are facing unique circumstances and firm leaders are dealing with new challenges in managing their business, as well as their employees. The Thomson Reuters Institute is presenting a series of webinars to help law firm leaders navigate in uncertain times. Together, these webinars can offer valuable …
Top 10 Canadian Law Firm Brands
Blakes is ranked as the top Canadian law firm brand for a fifth consecutive year, according to the 2020 Canadian Law Firm Brand Index from Acritas, now part of Thomson Reuters. McCarthy Tétrault, the runner-up, has steadily held that position over the same period of time, and this year managed to close the gap slightly …
Baker McKenzie, DLA Piper, Clifford Chance Lead Acritas Global Elite Brand Index
Baker McKenzie, DLA Piper and Clifford Chance top the latest Acritas Global Elite Brand Index, as the firms most top of mind and most favored by corporate clients with more than US$1B in global revenues, as well as most considered for multi-jurisdictional deals and litigation. Baker McKenzie has increased its lead atop the index for …
Demand for Large Law Firm Services Surges in Q3: Peer Monitor Index
Demand for large law firm services surged in the third quarter to one of its highest levels since the end of the recession. The Thomson Reuters Peer Monitor Economic Index Report (PMI) says the PMI rose three points to 56 — its second consecutive quarterly gain. However, lagging productivity and rising costs dampened profitability slightly. …
