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Thomson Reuters, a global content and technology company, issued a new report today that showed law firms finished 2024 incredibly well. The average law firm saw profit growth in the double digits for the year and 11.5% in Q4, according to the Q4 2024 Thomson Reuters Law Firm Financial Index (LFFI), powered by Financial Insights.
READ MORE >> Alternative legal services providers face diverging market, new Thomson Reuters report shows
The “Alternative Legal Services Providers 2025” report finds that the market for ALSPs is shifting, as some legal departments and law firms get increasingly comfortable with these alternative methods.
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Innovation: Law firms focused on solving the fundamental challenges surrounding technology implementation are better positioned to drive sustainable growth in the legal market Growth: Robust growth of 2024 may be dampened in 2025 due to potential weaker demand and global economic uncertainty Thomson Reuters, a global content and technology company, and the Center on Ethics […]
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Thomson Reuters, a global content and technology company, issued a new report today showing that law firm profitability is on the rise amid an acceleration of demand and continued gains in productivity.
READ MORE >> Thomson Reuters launches gen AI for justice legal aid programme
Thomson Reuters today (24 October) launched an AI for Justice Legal Aid program, including both a Legal Innovators Incubator and subsidised pricing for legal nonprofits.
READ MORE >> Thomson Reuters expands CoCounsel 2.0 integration in Westlaw and Practical Law
Thomson Reuters, a global content and technology company, is introducing deeper integration of CoCounsel into Westlaw and Practical Law as well as launching two new features. These enhancements build on the company’s vision to deliver a comprehensive GenAI assistant for every professional it serves.
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Thomson Reuters corporation acquires Safe Sign Technologies to accelerate its AI strategy
Thomson Reuters, a global content and technology company, today announced it has acquired Safe Sign Technologies, a UK-based startup that is developing legal-specific large language models (LLMs).
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Generative artificial intelligence (genAI) has been a major point of discussion in the legal sector over the past year. Our Future of Professionals Report surveyed over 1,200 individuals working internationally across key professions, including UK-based legal professionals.
READ MORE >> Differentiation by design – find out more with Thomson Reuters
Clients are clear in their preference for law firms that are particularly business-savvy — capable of giving advice that’s not only timely and accurate, but also attuned to the client’s broader business goals.
READ MORE >> AI set to save professionals 12 hours per week by 2029 according to Thomson Reuters
The Thomson Reuters Future of Professionals report shows knowledge workers are optimistic about significant boosts to productivity, with AI poised to redefine workflows, drive innovation, and unlock new opportunities for growth.
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