“Incredibly Strong Demand” closes out 2021, but “Year of Talent” challenges loom: Thomson Reuters Peer Monitor Index

After surging back to pre-pandemic levels and beyond, demand for law firm services took yet another jump upwards in the fourth quarter of 2021, according to the Thomson Reuters Peer Monitor Economic Index (PMI).

Baker McKenzie, DLA Piper, and Clifford Chance top the 2022 Thomson Reuters Global Elite Law Firm Brand Index

Thomson Reuters announced the 2022 Global Elite Law Firm Brand Index today with Baker McKenzie retaining the top spot for the 12th consecutive year.

Thomson Reuters: Law firms can’t just keep throwing money at growing talent war: 2022 Report on the State of the Legal Market

Having regained their footing after navigating the depths of the pandemic, law firms are facing a growing talent war that threatens to upend the legal industry’s newfound momentum.

Thomson Reuters: Ransomware – What law firms need to know

Ransomware has evolved into its own industry and it has been successfully targeting law firms of all sizes. According to the ABA, 42% of firms with up to 100 employees experienced a data breach.

Significant number of top lawyers want fewer hours and less non-billable responsibilities, says Thomson Reuters report

After enduring more than a year of remote working and uncertainty about the direction of the legal market, nearly one in three stand-out lawyers would prefer to work fewer hours.

Thomson Reuters: Talent wars posing biggest threat to law firm profitability

Law firm business leaders are optimistic about their outlook but increasingly concerned about rising competition and cost for talent.

Thomson Reuters: Strong recovery continues in law firm market, but talent wars are taking a toll

Growth in demand, rates and productivity continue to fuel the recovery in the large law firm market, but the intensifying war for talent is becoming a growing drag on law firm performance, according to the Thomson Reuters Peer Monitor Economic Index (PMI)[1] for the third quarter of 2021.

Small law firms have largely recovered from pandemic impacts, says new Thomson Reuters report

Small law firms have “largely recovered from the downturn” caused by the effects of the pandemic, concludes the 2021 State of U.S. Small Law Firms report from Thomson Reuters.

Osborne Clarke selects Thomson Reuters 3E Cloud and 3E Cloud Care to support its digital transformation

International legal practice Osborne Clarke has selected Thomson Reuters 3E Cloud and its managed services offering, 3E Cloud Care, as its new provider for a global unified enterprise business management solution.

Thomson Reuters integrates Practical Law, 3E, Microsoft Teams with HighQ

Thomson Reuters today announced integrations with key Practical Law and 3E features, as well as Microsoft Teams, on its industry-leading legal workflow platform HighQ.