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Growing expenses hamper Midsize law firm profitability: Firms still feeling...
We’ve written extensively about the current state of affairs for Midsize law firms at the midpoint of this year, exploring their key performance indicators, trends both in the demand for their services...
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The 2023 Legal Department Operations Index: As in-house work grows, LDO...
Most research into corporate law departments focuses, understandably, on the opinions and priorities of the general counsel. After all, they are the corporate officers tasked with leading the legal...
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Insights in Action: How has the role of the GC changed and how can law firms...
The past five years have seen a great deal of change from developing technologies, evolving work practices, and a constantly shifting regulatory landscape around the globe. While high-impact technology...
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Law firm rates in 2023: A new report examines the good, the troubling, and...
For most of the past decade, the growth in hourly rates for attorney time has been one of the key drivers of the subsequent growth in law firm profitability. In fact, 2023 has seen record-setting...
View ArticleLegal success metrics: Taking a deeper look at legal spending
The metrics collected and analyzed by corporate law departments can provide insight to a much wider audience than that within the department itself. As that data gets presented to other departments,...
View ArticleBuilding client feedback programs that lawyers love: What CMOs say
Law firms that conduct formal client feedback programs can earn nearly twice the share of a client’s external legal spend than a firm not engaging in feedback, according to Thomson Reuters Market...
View ArticleESG business landscape is an opportunity for law firms in Mexico
In a world increasingly focused on environmental, social & governance (ESG) standards, businesses are grappling with the challenge of aligning their operations and corporate strategies with these...
View ArticleLegal success metrics: The legal department as protector of the business
Each year, the Thomson Reuters Institute conducts regular conversations with about 2,000 general counsels. In those interviews, general counsels tell us that they have four priorities: providing...
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LDO Index analysis: Corporate counsel effective at controlling law firm...
The new season for law firm rates is right around the corner. As the holidays and the end of the calendar year approach, both law firms and their clients are preparing for the inevitable increase in...
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ESG Case study: How law firms are helping Atlas deliver responsible business...
Providing legal advice is now only about one-quarter (27%) of what corporate legal officers (CLOs) do, according to the 2023 survey of CLOs by the Association of Corporate Counsel (ACC). In fact, at...
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