Dramatic growth from alternative legal services providers is accelerating according to Thomson Reuters

Alternative legal services providers (ALSPs) now make up a $20.6 billion segment of the legal market and growth is accelerating dramatically, according to the Alternative Legal Services Providers 2023 Report.

The 2023 report on the state of the legal market is here, courtesy of Thomson Reuters

The year ahead is likely to be fraught with numerous challenges and uncertainty for law firms, according to 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 the Thomson Reuters Institute.

Law firm profitability continues to fade: Thomson Reuters Law Firm Financial Index

Law firm profitability fell for a fourth consecutive quarter as firms grappled with a combination of falling demand and surging expenses, according to the Q3 2022 Thomson Reuters Law Firm Financial Index (LFFI) powered by Peer Monitor/Financial Insights.

Thomson Reuters introduces Litigation Analytics for Companies on Westlaw

Thomson Reuters is enhancing Westlaw with the addition of Litigation Analytics for Companies, providing advanced capabilities to efficiently search and analyse litigation trends by company or industry.

Thomson Reuters debuts Westlaw Precision

New version of Westlaw enables lawyers to conduct research more than twice as fast and reduces risk of missing relevant cases.

Thomson Reuters celebrates 150 years of customer partnership and innovation

Founder John B. West’s spirit of innovation and customer collaboration lives on in AI-driven products and leading legal research technology tools used by legal professionals worldwide.

Thomson Reuters Law Firm Financial Index flashes warning signs amid fourth consecutive quarter of decline

After soaring to record levels in 2021, law firm profitability continues to slide in 2022 because of an inevitable cooling off in demand and rebound in expenses.

Thomson Reuters: law firm financial index report reveals challenges ahead for firms to meet 2021 successes

Continued growth in demand and rates were no match for surging expenses in the first quarter of 2022. The growing competition for talent and a rebound in overhead expenses after last year’s steep cuts took a toll on law firm profitability, according to the Thomson Reuters Law Firm Financial Index (LFFI) powered by Peer Monitor/Financial Insights.

Top-performing law firms investing in their people and firm culture amidst ongoing talent war, says Thomson Reuters report

Top-performing law firms tend to pair aggressive investment in talent with a strong firm culture to help achieve stronger, sustainable growth, says the 2022 Dynamic Law Firms Report from Thomson Reuters.

Thomson Reuters: FindLaw debuts do-it-yourself Estate Planning

Thomson Reuters is introducing FindLaw Legal Forms & Services, a do-it-yourself offering for legal consumers. The first practice area is Estate Planning, integrating Contract Express software with FindLaw content and resources to provide consumers with access to easy-to-use legal forms and services.